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Insurance Review

Total questions: 19

Worksheet time: 19mins

Name
Class
Date
1.

What type of insurance would be the LOWEST priority for a person who is NOT married and has NO kids?

a)

Renter's Insurance (if they rent an apartment)

b)

Auto Insurance (if they have a car)

c)

Life Insurance

d)

Health Insurance

2.

Which of these would NOT be covered by renter's insurance?

a)

Someone broke in and stole all your jank

b)

Someone broke their foot in your apartment

c)

Your apartment floods and you have to stay in a hotel for a week

d)

A kid throws a rock threw your window and it needs to be replaced

3.

Who runs the health insurance marketplace?

a)

Federal and State Government

b)

Network of Doctors

c)

Hospitals

d)

The public

4.

True or False: When it comes to Auto Insurance, you are REQUIRED by law to have coverage in case you injury another person in an accident.

a)

True

b)

False

5.

True or False: Your monthly premium for health insurance is considered an "out-of-pocket" expense

a)

True

b)

False

6.

Health insurance coverage for low income households

a)

MedicAID

b)

MediCARE

7.

Health insurance for people 65+ and people with disabilities

a)

MeidcAID

b)

MediCARE

8.

Why would someone want to get long term disability insurance?

a)

Long term disability insurance will also extend coverage to your family members

b)

Long term disability insurance will help compensate money that you lose by not working

9.

Which auto insurance would cover damages to your car in an accident?

a)

Comprehensive

b)

Collision

c)

Bodily Injury

d)

Property Liability

10.

What type of auto insurance coverage will cover someone keying your car

a)

Collision

b)

Comprehensive

c)

Property Liability

d)

Bodily Injury

11.
Of the four parts of auto insurance coverage, which part will pay for repairing your car?
a)
Liability
b)
Comprehensive
c)
Collision
d)
Medical Payments/Bodily Injury
12.
Of the four parts of auto insurance coverage, which part protects your from acts of God?
a)
Comprehensive
b)
Liability
c)
Collision
d)
Medical Payments/Bodily Injury
13.
The amount of money you have to pay out of your own pocket before the insurance pays is called the _____________
a)
Premium
b)
Estimate
c)
Deductible
d)
Co-Pay
14.
The amount you pay for an insurance policy.
a)
Rider
b)
Premium
c)
Deductible
d)
Co-Pay
15.

A formal request made by the insurance policyholder to the insurance company for payment or services covered by the insurance policy.

a)

Claim

b)

Accident

c)

Premium

d)

Coverage

16.

A payment made monthly, twice a year, or yearly, for an insurance policy.

a)

Premium

b)

Copay

c)

Tax

d)

Benefit

17.
Insurance to protect your personal items in your rented apartment or rented house.
a)
homeowners
b)
renters
c)
property
d)
liability
18.
Insurance that helps cover your income from a job when you can no longer do your job due to health reasons.
a)
life
b)
medical
c)
long term care
d)
disability
19.
Insurance that will pay someone you have chosen in the event you die.
a)
long-term care
b)
life
c)
risk
d)
broad collision