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- 1. Multiple Choice
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
- 2. Multiple ChoiceThe amount paid for insurance is theclosing costpremiumdeductibleassessed value
- 3. Multiple ChoiceBodily injury covers your liability for injury toyourselfpropertyothersother cars
- 4. Multiple ChoiceInsurance that protects your family against financial loss due to your death iscoinsurancedisability insurancelife insurancecomprehensive insurance
- 5. Multiple ChoiceThe type of insurance that provides protection against financial loss from medical bills is calledhealth insurancecoinsurancelife insurancepremium
- 6. Multiple ChoiceThe type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is calledterm life insurancebodily insurancecomprehensivecollision
- 7. Multiple ChoiceThis term pays for protection against loss of life, property, and finances.collisionpremiuminsurancedeductible
- 8. Multiple ChoiceThis type of insurance pays the fees of other doctors who see you in or out of the hospital.hospitalization insurancedisability insurancemedical insurancelife insurance
- 9. Multiple Choice
A type of car insurance that covers damage to your OWN motor vehicle is
collision
comprehensive
bodily injury
uninsured motorist
- 10. Multiple ChoiceIf you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.disabilityhealthpremiumhospitalization
- 11. Multiple ChoiceThis type of insurance protects against damage to the car OR injury to persons in the car caused by a driver who carries no insurance.collisioncomprehensivepropertyuninsured motorists
- 12. Multiple ChoiceA formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injuryemergency savingscoverageclaimemployee benefits
- 13. Multiple Choice
This type of insurance should pay for damages if a tree that goes through your roof.
Product
Health
Homeowners
Life
- 14. Multiple Choice
This is the minimum required by law, only repairs the vehicle you hit, not your own
Liability
Collision
Comprehensive
Deductible
- 15. Multiple Choice
What does renters insurance cover?
The damage to the property
Earthquakes
Personal items the tenant owns
If a burglar breaks in and he/she is injured as a result
- 16. Multiple Choice
In which of the following scenarios will you obligated to pay the least amount of money out-‐of-‐pocket for medical expenses?
You have no insurance.
You have health insurance with a $500 deductible.
You have auto insurance with a $700 deductible.
You have health insurance with a $1,500 deductible.
- 17. Multiple ChoiceWhich of the following typically have the highest insurance premiums.Young, inexperienced driversOlder, experienced driversDrivers who have with safe driving recordsDrivers who travel long distances
- 18. Multiple Choice
Which type of Life Insurance policy only pays a beneficiary when a person dies during a pre-determined time period?
Term Life Insurance
Whole Life Insurance
Variable Life Insurance
Universal Life Insurance
- 19. Multiple Choice
Most experts in personal finance say that everyone should have life insurance no matter what age you are.
TRUE
FALSE
- 20. Multiple ChoiceWhen you shop for life insurance, you should consider only the cost or premium you will pay.TRUEFALSE
- Answer choicesTagsAnswer choicesTags