Insurance premiums refer to the amount that you are expected to pay before your insurer pays your claim. True or False?
Car Insurance

Flashcard
•
Social Studies
•
11th Grade
•
Hard
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46 questions
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1.
FLASHCARD QUESTION
Front
Back
False
2.
FLASHCARD QUESTION
Front
Auto liability is required in almost every state in the United States.
Back
True
3.
FLASHCARD QUESTION
Front
Your deductible is the amount you can expect to receive from your insurance company in the event of an accident.
Back
False.
4.
FLASHCARD QUESTION
Front
If a bank or dealership holds a lien on your vehicle, are you responsible to carry full coverage, including comprehensive insurance?
Back
True
5.
FLASHCARD QUESTION
Front
Actual cash value refers to the amount of money you can expect to receive should your insurer declare your vehicle a “total” loss.
Back
True
6.
FLASHCARD QUESTION
Front
Your home address could factor into your insurance premiums.
Back
True
7.
FLASHCARD QUESTION
Front
Policies with lower coverage requirements typically have higher premiums.
Back
False
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