The total cost of buying insurance, usually per year
  • Premium
  • coverage
  • deductible
  • policy
What is the main purpose of insurance?
  • to follow the law
  • to get weathly
  • For investment purposes
  • To reduce risk
This type of insurance should pay if you severely burn your finger on a toaster and need to go to the hospital
  • Life
  • Health
  • Product
  • Homeowners
This type of insurance should pay for damages if a tree that goes through your roof.
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  • Product
  • Health
  • Homeowners
  • Life
This type of insurance should pay for your toaster if it breaks
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  • Homeowners
  • Health
  • Life
  • Product
If you don't do your work while Mr Doty is absent this will happen:
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  • You get an assigned seat at the front of the class because you couldn't be responsible unsupervised, gonna have to do better
  • Nothing. Only work when you are forced to and someone is watching
This is what you have to pay before the insurance company will pay anything
  • coverage
  • dues
  • deductible
  • policy
You probably do not need this if you have enough money
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  • Love
  • insurance
  • premium
  • taxes
Credit score affects all of these EXCEPT:
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  • Auto Insurance
  • Health Insurance
  • Homeowners Insurance
  • Product Insurance
This is the minimum required by law, only repairs the vehicle you hit, not your own
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  • Liability
  • Collision
  • Comprehensive
  • Deductible
This covers the damage to your car and the other persons, regardless of who is at fault
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  • Comprehensive
  • Liability
  • Homeowners
  • Health
The people who need this the most generally have kids, and always have someone relying on their income
  • Product Insurance
  • Auto insurance
  • Life Insurance
  • Health insurance
Another name for this type of insurance is a warranty
  • Product insurance
  • Health insurance
  • Life Insurance
  • Home Insurance
Which term is given to the amount of money that a policyholder pays before the insurance company will pay the rest.
  • Premium
  • Deductible
  • Primary payment
  • Whole payment
Which term is given to the amount someone pays to have insurance coverage.
  • Premium
  • Deductible
  • Co-Payment
  • Whole payment
Which term is given to the formal request made to an insurance company for compensation for a covered loss
  • Filing a claim
  • Filing a benefit
  • Filing a Co-Payment
  • Filing a deductible
During this past term, Lily sneezed once with Gold Insurance. Why didn't she pay the full $500 bill?
  • Her deductible was smaller than the cost of the doctor visit
  • Her deductible was larger than the cost of the doctor visit
During this past term, Holly sneezed once. She had silver insurance coverage which means her deductible was $What happens still this term if she sneezes once in class.
  • She will pay nothing because she has already met her deductible this term.
  • She will pay part of the next bill if she sneezes during this same term.
  • She will pay all of the next bill if she sneezes during this same term.
During this past term, Jack G. sneezed once. He has basic insurance coverage which means his deductible is $1,What happens still this term if he sneezes once in class.
  • He will pay nothing because he has already met his deductible this term.
  • He will pay part of the next bill if he sneezes one more time during this same term.
  • He will pay all of the next bill if he sneezes one more time during this same term.
How does premium impact deductible?
  • The higher the premium the higher the deductible
  • The lower the premium the higher the deductible
  • The lower the premium the lower the deductible
  • There is no correlation between premium & deductible
For the Sneeze Insurance work- how much did it cost to "go to the doctor" for a 1 sneeze?
  • $100
  • $300
  • $500
  • $1,000
Which term is given to the contract that explains terms and conditions of what insurance is provided to a customer.
  • Insurance fraud
  • Insurance Premium
  • Insurance Deductible
  • Insurance Policy
Which insurance policy had the highest premium?
  • Gold
  • Silver
  • Basic
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