UNIT QUIZ: INSURANCE • Q4 PERSONAL FINANCES

A payment made monthly, twice a year, or yearly, for an insurance policy.

• Premium

• Copay

• Tax

• Benefit

The amount you must pay on a claim before the insurance company will pay.

• Premium

• Policy

• Loss

• Deductible

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance
• coinsurance
• life insurance
• premium

Insurance that protects your family against financial loss due to your death is

• coinsurance
• disability insurance
• life insurance
• comprehensive insurance

This term pays for protection against loss of life, property, and finances.

• collision
• premium
• insurance
• deductible

A formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injury

• emergency savings
• coverage
• claim
• employee benefits

This type of insurance should pay for damages if a tree that goes through your roof.

• Product

• Health

• Homeowners

• Life

What does renters insurance cover?

• The damage to the property

• Earthquakes

• Personal items the tenant owns

• If a burglar breaks in and he/she is injured as a result

Which of the following typically have the highest insurance premiums.

• Young, inexperienced drivers
• Older, experienced drivers
• Drivers who have with safe driving records
• Drivers who travel long distances

Most experts in personal finance say that everyone should have life insurance no matter what age you are.

• TRUE

• FALSE