James Unit 10 CP Test Review

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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18 questions
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1.
FLASHCARD QUESTION
Front
What is the basic definition of insurance?
Back
an agreement between and individual and a company to protect against risk
2.
FLASHCARD QUESTION
Front
What is the possibility of loss or injury to an individual called?
Back
Risk
3.
FLASHCARD QUESTION
Front
Which type of auto insurance covers damage to a car when a collision is not involved? Ex: hitting a deer, having a tree fall on your car because of a hurricane
Back
Comprehensive
4.
FLASHCARD QUESTION
Front
What type of auto insurance coverage only covers the other person's car involved in an accident that is your fault?
Back
Liability
5.
FLASHCARD QUESTION
Front
What type of auto insurance coverage will pay for repairing damage done to your car from an accident?
Back
Collision
6.
FLASHCARD QUESTION
Front
The amount of money you have to pay out of your own pocket before the insurance pays is called the _____________
Back
Deductible
7.
FLASHCARD QUESTION
Front
The amount you pay for an insurance policy.
Back
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