Insurance Review

What does PIP stand for?

• Personal Insurance Plan

• Personal Injury Protection

• Premium Insurance Plan

• Premium Insurance Policy

What type of auto insurance covers your cracked windshield if your ex smashes it with a baseball bat?

• Collision

• Property Damage Liability

• Comprehensive

• Collateral

Which is true about life insurance?

• Life insurance is less expensive when you're older.

• It's better to buy life insurance when you are young, because it is less expensive.

• Life insurance is only paid while you're alive

• Life insurance doesn't pay for funeral costs.

Which of the following factors does NOT impact the cost of your auto insurance?

• Age

• Driving record

• type of vehicle

• the price of your home

The person who collects the funds from your life insurance policy when you pass away is called

• Donor

• Beneficiary

• Liability

• policy holder

The amount you pay an insurance company for protection against financial loss.

• policy

• premium

• deductible

• copay

A contract with the insurance company

• policy

• premium

• beneficiary

• liability

Paid protection against losses due to injury or property damage

• Premium

• Policy

• Insurance

• Comprehensive

a request for payment from an insurer for any damages covered by a policy

• policy

• PIP

• premium

• claim

"Out-of-pocket maximum" refers to...

• The amount you pay to have insurance

• The amount you pay before insurance kicks in

• Most you can pay for healthcare in one year including all copays, co-insurance, and deductibles

• The most your insurance company will pay if you need services