UNIT 4.1: INSURANCE BASICS, AUTO and HEALTH

UNIT 4.1: INSURANCE BASICS, AUTO and HEALTH

10th Grade

16 Qs

quiz-placeholder

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UNIT 4.1: INSURANCE BASICS, AUTO and HEALTH

UNIT 4.1: INSURANCE BASICS, AUTO and HEALTH

Assessment

Quiz

Business

10th Grade

Medium

Created by

Jonathan Hatchell

Used 40+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

A type of risk management that protects you from losing money if something happens to you or your property is called...?

inflation

insurance

warranty​​

deductibles​

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

The price you pay regularly to keep an insurance policy in force is called the...?​

premium

deductible

co-pay

subscription

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

​Policyholders combine their premium payments to share the risk of loss with each other ​in a...?

CD account

lake

credit report

pool

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Before insurance pays for a claim, the policyholder must pay for...?

losses ≤ deductible​

losses > deductible

losses ≥ claim

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Raising the deductible on a policy causes the premium to...?

stay the same

increase

decrease

become unpredictable

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

The 6 types of insurance are auto, property, life, long-term care, health, and...?

federal deposit insurance.

disability insurance.

predictability insurance.

predatory lending insurance.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Wearing a seatbelt, not texting when driving, and driving carefully are examples of...?

risk management

warranties

liability claims

term life beneficiaries

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