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Insurance Vocabulary Test

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1.
1 point
This type of insurance provides for extended care due to accidents, illness, or old age:
2.
1 point
Someone who relies on someone else for money and care:
3.
1 point
The type of insurance that provides payments for both liability and property insurance on a vehicle:
4.
1 point
A person who owns the policy:
5.
1 point
This type if insurance provides payment to cover liability losses as well as damage and loss of the home and its contents:
6.
1 point
The money paid to an insurance company to purchase a policy:
7.
1 point
These are products or services provided by an employer that adds extra value for employees beyond wages paid:
8.
1 point
The type of insurance that provides payment to the insured person if property is damaged or destroyed by an accident:
9.
1 point
An amount of money, after the deductible, that is paid for jointly by the insured and the insurance company:
10.
1 point
The paperwork describing the accident, illness or injury that is submitted to the insurance organization:
11.
1 point
The risks covered and amount of money paid for losses under an insurance policy:
12.
1 point
Someone who receives insurance money if the insured person dies:
13.
1 point
The type of insurance that provides payment to renters to cover the damage and loss of property in a rental unit:
14.
1 point
The amount paid out of pocket by the policyholder for the initial portion of a loss before the insurance coverage begins:
15.
1 point
Cash set aside that can be used to cover the costs of unexpected events:
16.
1 point
The chance of loss from an event that cannot be entirely controlled:
17.
1 point
This type of insurance provides payment to beneficiaries if an insured person dies:
18.
1 point
This type of insurance provides money to pay for health care for illness, injury, or in some cases, preventive care:
19.
1 point
This type of insurance provides payment to replace earnings during times when workers cannot work due to illness or injury:
20.
1 point
An insurance contract that states what risks are covered and how much money will be paid for losses:
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