Insurance Unit Test

A deductible is paid by

• The insurance company

• the claims adjuster

• The government

• The policy holder

Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...

• uninsured motorist insurance

• collision insurance

• comprehensive insurance

• liability insurance

What does liability insurance not cover in the event of an accident?

• Injury to yourself

• Injury to the other driver

• Damage to someone else's property

• Damage to someone else's car

What is a consequence of not having health insurance?

• You must pay all costs for health care and medical emergencies.

• You’re not allowed to go to a hospital.

• You will get a lower standard of care from doctors.

• You can only see doctors in your home state

When filing an insurance claim, the policyholder must pay a ____________, which is the amount you owe before insurance will cover the rest of the bill.

• deductible

• premium

• contract fee

• commission

Collision insurance is...

• insurance that will pay for injury to another driver and/or damage to their car if you are in an accident.

• insurance that will pay for damage to your car by someone who doesn’t have insurance.

• insurance that will cover injuries to yourself in the event of an accident.

• insurance that will pay to get your car fixed in the event of an accident.

A stone hits your windshield. Which type of coverage would likely cover this expense?

• Collison

• Liability

• Comprehensive

• None

This professional analyzes statistics and uses them to calculate insurance risks and premiums.

• Agent

• Actuary

• Claims Clerk

• Underwriter

Each of these factors impacts your insurance premium EXCEPT.

• Deductible amount

• This vehicle you are insuring

• Your credit score

• Your income

Which of the following wouldn't save you money on your auto insurance premium?

• Decrease your deductible

• Reduce or eliminate optional insurance on an older car

• Maintain a good credit history

• Bundle your insurance with other policies