Insurance Test

If an adult is on a limited budget and has a significant need for life insurance coverage, her best option will probably be:

• Permanent Life Insurance
• Cash Value Life Insurance
• Term Life Insurance
• Whole Life Insurance

What is the main purpose of disability insurance?

• To provide replacement income if you have an accident or illness and can't work
• To cover your medical expenses if you have a accident or illness and can't work
• To provide your family with income when you retire
• To provide replacement income and cover all of your medical expenses if you have an accident or illness and can't work

Chance of loss or injury.

• insurance
• probability
• risk
• reward

What protects you and your vehicle if you get into an accident and it's your fault? 

• comprehensive
• collision
• personal injury
• health insurance 

What coverage protects you is someone is injured in an accident you cause?

• Property Damage

• Bodily Injury

• Uninsured Motorist

• Under-insured Motorist

What kind of coverage pays for damages to your car if you are at fault?

• Collision

• Comprehensive

• Under-insured Motorist

• Uninsured Motorist

What kind of insurance pays for physical damages to your car from acts of nature such as fire?

• Property Damage

• Medical Payments

• Collision

• Comprehensive

If your policy covers $100,000 of Bodily Damage and you cause $234,000 of Bodily Damage what happens?

• The insurance company will cover all of it

• You pay $134,000 out of pocket

• The company will pay you $134,000 after you pay out of pocket.

• The insurance company will cover none of it.

Tags

CCSS.6.NS.C.5

What do you call the amount you agree to pay in case of an accident?

• Liability

• Deductible

• Policy

• Full Coverage

Car B is not insured, what is one way Car A can have the damages paid for.

• If car A has liability coverage

• If car A has Under-insured Motorist coverage

• If car A has Uninsured Motorists coverage

• If car A has Comprehensive coverage