Understanding Insurance Vocabulary

Understanding Insurance Vocabulary

9th - 12th Grade

20 Qs

quiz-placeholder

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Understanding Insurance Vocabulary

Understanding Insurance Vocabulary

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Elena Charles

Used 26+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Provides payments for both liability and property insurance on a vehicle.

Homeowners insurance

Renters insurance

Automobile insurance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who receives money if an insured person dies.

spouse

child

beneficiary

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury.

claim

request

complaint

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid

deductible

coverage

co-insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The risks covered and amount of money paid for losses under an insurance policy.

deductible

risk

coverage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed the to the loss.

co-insurance

deductible

claim

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who relies on someone else for income and care.

child

parent

dependent

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