Consumer Insurance Quiz

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1.
1 point
Payment to beneficiaries if an insured person dies:
2.
1 point
Someone who receives insurance money if the insured person dies:
3.
1 point
Money set aside for a "rainy day". Need to have 3-6 months set aside.
4.
1 point
Products or services that add extra value for employees beyond wages
5.
1 point
Your garage was destroyed by a fire which started by a lightening bolt hitting your home:
6.
1 point
You are injured in an accident and can't work for 2 months:
7.
1 point
Insurance is a way of spreading the risk among a large group of people to make losses more affordable to all.
8.
1 point
Payment to replace earnings during times when workers cannot work due to illness or injury:
9.
1 point
You have brake failure and hit a telephone pole causing damage to your car:
10.
1 point
Person who owns the policy:
11.
1 point
Putting the policyholder back in the same financial condition they were in before the loss occurred:
12.
1 point
A contract that specifies what risks are covered and how much will be paid for losses:
13.
1 point
Ways to reduce insurance costs include:
14.
1 point
Insurance transfers risk from individual to:
15.
1 point
The risks covered and amount of money paid for losses under an insurance policy:
16.
1 point
Payment for extended care when a person cannot live independently (but doesn’t need to be hospitalized):
17.
1 point
Automobile insurance will be greater for a:
18.
1 point
Having insurance protects you from any losses:
19.
1 point
Payment to others if a member of the insured household accidentally causes harm to other people:
20.
1 point
Money paid to purchase the policy:
21.
1 point
Amount of money paid out of pocket by policyholder before the insurance coverage begins:
22.
1 point
You are sick at home from food poisoning after eating a carnival corn dog:
23.
1 point
Chance of loss from an event that cannot be entirely controlled.
24.
1 point
You are having a baby and need medical care: