WorksheetsFin Lit U7 Quiz
Total questions: 10
Worksheet time: 8mins
Insurance lets you (a) risk.
Anything that is the actual cause of a loss (fire, flood, etc.) is called a (a) .
Paul was driving his kids to a piano lesson in a 2015 minivan. While driving, he was hit by an uninsured motorist. Although Paul and his kids had only minor injuries, their vehicle was totaled (damaged so much that it cannot be fixed). Based on this information, which of the following is correct?
Paul's uninsured motorist's protection should cover medical expenses for Paul and his kids.
The uninsured motorist will be required to purchase a new minivan for Paul's family.
Angie left her vehicle parked on the street in the front of her house when she went on vacation. While she was gone, her street flooded and her car was severely damaged. This damage would be covered under her
comprehensive physical damage policy.
property damage liability policy.
What is the primary purpose of medical expense insurance?
to pay actual medical costs for illness or injury
to pay a salary if an employee is disabled
to protect you from death and funeral expenses
Which is a PUBLIC health care plan?
Medicare
Health maintenance organization (HMO)
Preferred provider organization (PPO)
Homeowners insurance typically covers damage to the home, personal property inside the home, and liability for injuries on your property.
TRUE
FALSE
Which is an example of liability coverage in renters insurance?
covering medical bills for a guest injured in your apartment
replacing stolen electronics
paying for damages to the apartment
What is the purpose of disability insurance?
to replace a portion of your income if you are unable to work
to pay medical expenses after an accident
to pay off debts after death
(a) insurance covers you for a set period.
(b) insurance lasts a lifetime.
