UNIT 4.1: INSURANCE BASICS, AUTO and HEALTH
Quiz
•
Business
•
10th Grade
•
Medium
Jonathan Hatchell
Used 40+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
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
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
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
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
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
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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