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

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Elena Charles
Used 26+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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