WorksheetsInsurance Vocabulary
Total questions: 19
Worksheet time: 10mins
Fill in the blank: The amount paid for an insurance policy, usually on a monthly or annual basis, is called _________.
Premium
Deductible
Coverage
Claim
Fill in the blank: The amount of money that the insured must pay out-of-pocket before the insurance company begins to pay for covered expenses is called _________.
Deductible
Premium
Copayment
Coverage Limit
Fill in the blank: The extent of protection provided by an insurance policy, including the specific risks or events that are insured, is called _________.
Coverage
Deductible
Premium
Exclusion
Fill in the blank: Legal responsibility for the financial costs of damages or injuries caused to another person or their property is called _________.
Liability
Asset
Premium
Deductible
Fill in the blank: Insurance through an employer that helps to pay SOME medical bills is called _________.
Health Insurance
Life Insurance
Auto Insurance
Home Insurance
Fill in the blank: Insurance through an employer that helps to pay SOME dental bills is called _________
Dental Insurance
Health Insurance
Life Insurance
Vision Insurance
Fill in the blank: Insurance through an insurance agency to cover catastrophic events to a house (fire, flood, tornado, etc) is called _________.
Homeowners Insurance
Auto Insurance
Life Insurance
Health Insurance
Fill in the blank: Insurance through an insurance agency to help replace items in your rental space if a catastrophic event happens is called _________.
Renters Insurance
Homeowners Insurance
Auto Insurance
Life Insurance
Fill in the blank: Insurance through an insurance agency that helps to cover damage due to an accident is called _________.
Collision Car Insurance
Comprehensive Health Insurance
Homeowners Insurance
Life Insurance
Fill in the blank: Insurance through an insurance agency that helps to cover events other than collision (Theft, Natural event, Hit an animal, Tree Fall, etc.) is called _________
Comprehensive Car Insurance
Collision Car Insurance
Liability Car Insurance
Personal Injury Protection
Fill in the blank: The type of auto insurance that covers the difference between a car's actual cash value and the remaining balance on your loan or lease if the car is totaled or stolen is called _________.
Gap Insurance
Comprehensive Insurance
Liability Insurance
Collision Insurance
Fill in the blank: Specific conditions or circumstances that are not covered by an insurance policy are called _________.
Exclusion
Premium
Deductible
Coverage
Fill in the blank: A person or entity designated to receive benefits or payments from an insurance policy upon the occurrence of a specified event is called _________.
Beneficiary
Insurer
Agent
Policyholder
Fill in the blank: A request made by the insured to the insurance company for payment based on losses covered by the policy is called a _________.
Claim
Premium
Deductible
Policy
Fill in the blank: A fixed amount that the insured must pay for a specific service, with the insurance covering the rest, is called _________?
Co-payment
Deductible
Premium
Out-of-pocket maximum
Fill in the blank: The individual or entity that owns an insurance policy and is entitled to its benefits is called a _________
Policyholder
Dependents
Agent
Fill in the blank: The individuals who are covered by the policyholder's insurance are called _________.
Dependents
Policyholder
Agent
Higher deductible = Higher monthly premium
Lower deductible = Higher monthly premium
