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- Multiple ChoicePlease save your changes before editing any questions.You break your arm in a snowboarding accident. You require an emergency room visit and surgery to repair the damage.Long-term care insuranceHealth insuranceRenters insuranceHomeowners insurance
- Multiple ChoicePlease save your changes before editing any questions.You are at fault in a car accident. The other person requires medical treatment and car repairs as a result.Health insuranceHomeowners insuranceLiability insurance included in your auto policyLong term care insurance
- Multiple ChoicePlease save your changes before editing any questions.Your uncle expresses concern about how your aunt will pay the bills in the event of his death.Life InsuranceLong term Care InsuranceDisability InsuranceHealth Insurance
- Multiple ChoicePlease save your changes before editing any questions.
Participating in insurance is BEST considered an example of risk __________ .
Mitigation
Transfer
Acceptance
Avoidance
- Multiple ChoicePlease save your changes before editing any questions.
The technique of assessing, minimizing, and preventing
accidental loss to a business, as through the use of insurance, safety measures, etc.
accidental loss insurance
business management
risk management
auto insurance
- Multiple ChoicePlease save your changes before editing any questions.
A formal request to an insurance company asking for a payment based on the terms of the insurance policy.
Policy
Claim
Risk
Premium
- Multiple ChoicePlease save your changes before editing any questions.
The total amount and type of insurance carried.
Claim
Deductible
Coverage
Insurer
- Multiple ChoicePlease save your changes before editing any questions.
The person, group, or property for which an insurance policy is issued. The condition of having insurance.
Insured
Insurer
Homeowner
- Multiple ChoicePlease save your changes before editing any questions.
A stone hits your windshield. Which type of coverage would likely cover this expense?
Collision
Liability
Comprehensive
None
- Multiple ChoicePlease save your changes before editing any questions.The amount paid for insurance is theclosing costpremiumdeductibleassessed value
- Multiple ChoicePlease save your changes before editing any questions.The person named in a life insurance policy to receive the death benefit is called thepolicy holderbeneficiaryrecipientinsurance agent
- Multiple ChoicePlease save your changes before editing any questions.
Insurance can help you:
minimize monthly expenses
protect against unexpected accidents
reduce the chances o fgetting into an accident
cover all out of pocket costs
- Multiple ChoicePlease save your changes before editing any questions.
What are some risk management devices ?
Saving money in an savings account.
Auto, health, and life insurance.
Applying for a passport.
Co-signing for a loan.
- Multiple ChoicePlease save your changes before editing any questions.
What is term life insurance.
Term Life insurance last your whole entire life.
Term Life insurance provides coverage for a fixed amount of time.
Term life is the same as whole life insurance.
Term life is another way of saying whole life.
- Multiple ChoicePlease save your changes before editing any questions.
what is the loss?
is a condition, property or situation with the potential for loss
Risk assessment of hazards identified through a review of the potential unsafe-acts
includes personal injury, death, physical or mental ill-health, damage to property.
Risk ranking is a process by which risks can be prioritised for action
- Multiple ChoicePlease save your changes before editing any questions.
What is a risk?
Risk is the losing something of value.
Risk is gaining something of value.
Risk is the potential to lose or gain something of value.
- Multiple ChoicePlease save your changes before editing any questions.Provides payments for both liability and property insurance on a vehicledisability insuranceautomobile insurancecoveragedeductible
- Multiple ChoicePlease save your changes before editing any questions.Someone who receives money if an insured person diesclaimbeneficiarydependentemployee benefits
- Multiple ChoicePlease save your changes before editing any questions.Insurance that protects your family against financial loss due to your death iscoinsurancedisability insurancelife insurancecomprehensive insurance
- Multiple ChoicePlease save your changes before editing any questions.The type of insurance that provides protection against financial loss from medical bills is calledhealth insurancecoinsurancelife insurancepremium
- Multiple ChoicePlease save your changes before editing any questions.A type of car insurance that covers damage to your OWN motor vehicle iscollisioncomprehensivebodily injuryuninsured motorist
- Multiple ChoicePlease save your changes before editing any questions.The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is calledterm life insurancebodily insurancecomprehensivecollision
- Multiple ChoicePlease save your changes before editing any questions.This term pays for protection against loss of life, property, and finances.collisionpremiuminsurancedeductible
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels
health maintenance organization
co-payment
preferred provider organization
co-insurance
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_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the organization to provide you with services
preferred provider organization
health maintenance organization
life insurance
non-life insurance
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This insurance is required by law on the road
Auto
Auto Property
Auto Liability
Long-Term Care
- Multiple ChoicePlease save your changes before editing any questions.
What is true about long-term care insurance?
Long term can only be purchased individually
It helps those in assistant living
It helps accommodates for disabilities
All the above
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It's tornado and storm season. The house you live in now needs roof repairs after the hail damage. Which insurance would be used?
Home Liability
Home Property
Renter's Liability
Renter's Property
- Multiple ChoicePlease save your changes before editing any questions.
Which sources are ways to purchase insurance?
Individual
Employer
Government
All the above
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Chance of loss
Policy
Policy holder
Premium
Risk
- Multiple ChoicePlease save your changes before editing any questions.
What coverage protects you is someone is injured in an accident you cause?
Property Damage
Bodily Injury
Uninsured Motorist
Under-insured Motorist
- Multiple ChoicePlease save your changes before editing any questions.
What kind of coverage pays for damages to your car if you are at fault?
Collision
Comprehensive
Under-insured Motorist
Uninsured Motorist
- Multiple ChoicePlease save your changes before editing any questions.
What kind of insurance pays for physical damages to your car from acts of nature such as fire?
Property Damage
Medical Payments
Collision
Comprehensive
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is a way to lower your insurance premium?
have a good driving record
be involved in sports
have a parent with you at all times
buy a sports car
- Multiple ChoicePlease save your changes before editing any questions.
Car B is not insured, what is one way Car A can have the damages paid for.
If car A has liability coverage
If car A has Under-insured Motorist coverage
If car A has Uninsured Motorists coverage
If car A has Comprehensive coverage
- Multiple ChoicePlease save your changes before editing any questions.
What kind of insurance would cover you if you hit a deer? The only damage is to your car.
Liability
Bodily Injury
Comprehensive
None
- Multiple ChoicePlease save your changes before editing any questions.
Who needs auto insurance?
Nobody
People that think they will get into an accident.
All people who drive cars.
People who can afford it.
- Multiple ChoicePlease save your changes before editing any questions.
Who should you call first if you get into an accident?
The Police
Your Parents
The insurance company
No one
- Multiple ChoicePlease save your changes before editing any questions.
A higher deductible results in
a lower premium
a higher premium
a lower claim
a higher claim
- Multiple ChoicePlease save your changes before editing any questions.
Who pays more for auto insurance?
Males
Females
Elderly
Children
- Multiple ChoicePlease save your changes before editing any questions.
The basic areas of coverage offered by home insurance are all the following EXCEPT
Personal Property
Pets
Buildings
Liability
- Multiple ChoicePlease save your changes before editing any questions.
The Affordable Care Act charges a tax to those who choose not to buy health insurance.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Coinsurance is represented by...
A set amount
A percentage
A maximum amount