Which term describes the scope of protection provided under an insurance policy? Options: Coverage, Premium, Deductible, Risk

Insurance Basics: Overview Flashcard

Flashcard
•
Financial Education
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Coverage
2.
FLASHCARD QUESTION
Front
Which term describes the fee the policyholder pays to the insurance company in order to be insured for a defined period of time?
Back
Premium
3.
FLASHCARD QUESTION
Front
Which term describes the portion of a claim the policyholder must pay before the insurance company provides the benefits? Options: Coverage, Policy, Premium, Deductible
Back
Deductible
4.
FLASHCARD QUESTION
Front
Which of the following types of risks are completely accidental and unintentional? Hazards, Negligence, Pure risks, Speculative risks
Back
Pure risks
5.
FLASHCARD QUESTION
Front
Which of the following types of risks carry a chance of either loss or gain? Negligence, Pure risks, Hazards, Speculative risks
Back
Speculative risks
6.
FLASHCARD QUESTION
Front
Which of the following is NOT an important factor when setting insurance goals? Income, Age, Personality, Lifestyle
Back
Personality
7.
FLASHCARD QUESTION
Front
Which of the following is NOT an important factor when choosing an insurance company? Licensing, Price, Financial solidity, Location
Back
Location
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Insurance Vocabulary

Flashcard
•
12th Grade
8 questions
Car Insurance

Flashcard
•
10th Grade
13 questions
Basic Vocabulary for Insurance

Flashcard
•
12th Grade
10 questions
Team Miko

Flashcard
•
KG - University
15 questions
Insurance 101 8.1 NGPF

Flashcard
•
12th Grade
15 questions
Insurance

Flashcard
•
12th Grade
7 questions
Life Insurance Flashcard

Flashcard
•
12th Grade
14 questions
Insurance Terms Flashcards

Flashcard
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade