Insurance Knowledge Quiz

Logan and Brandon are discussing what the possibility of financial loss or injury is called in their business class. What is the term they are looking for?

• Deductible

• Risk

• Premium

• Liability

Matthew recently got into a minor car accident and needs to file an insurance claim. What term describes the money he has to pay before his insurance covers the rest of the claim?

• Premium

• Liability

• Deductible

• Claim

Logan was driving his car and accidentally hit a mailbox. Who is responsible for the damages caused by the car?

• Insurer

• Liable

• Co-signer

• Policyholder

Braydon recently had a minor car accident and needs to contact his insurance company for compensation. What is this request called?

• Claim

• Policy

• Premium

• Deductible

Braydon is reviewing his expenses and notices a regular monthly payment for his insurance coverage. What is this payment called?

• Deductible

• Premium

• Claim

• Liability

Matthew and Luis are discussing ways to safeguard their finances. How can they protect themselves from financial loss?

• Liability

• Insurance

• Risk

• Depreciation

Brandon accidentally backed his car into his neighbor's fence. What type of insurance covers the damage he caused to the fence?

• Collision Insurance

• Comprehensive Insurance

• Property Damage Liability

• Uninsured Motorist Protection

Matthew's car was damaged by a falling tree branch during a storm. What type of insurance would cover this non-collision damage?

• Collision Insurance

• Comprehensive Insurance

• Liability Insurance

• Uninsured Motorist Protection

Brandon was driving his car when he got into a minor accident. What insurance covers car damage from a collision?

• Comprehensive Insurance

• Property Damage Liability

• Collision Insurance

• Uninsured Motorist Protection

Logan was driving his car and accidentally hit a parked vehicle because he was not paying attention. What term describes Logan's failure to exercise reasonable care, causing damage?

• Risk

• Liability

• Negligent

• Deductible

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5