Buying Insurance

Question 1

Health insuranceDisability insuranceCasualty insuranceWorker’s compensation

Revolt · Accepted Answer

Health insurance

Question 2

What is one benefit of submitting a claim to an insurance company?

Revolt · Accepted Answer

It helps to cover any expenses for a loss.

Question 3

If a driver with an insurance policy drives infrequently, it can

Revolt · Accepted Answer

lower costs.

Question 4

Which statement best describes life insurance?

Revolt · Accepted Answer

It provides benefits to loved ones after someone’s death.

Question 5

Which form of government insurance provides medical care to senior citizens?

Revolt · Accepted Answer

Medicare

Question 6

Which example best describes reducing risky behavior?

Revolt · Accepted Answer

only driving during the day

Question 7

Which statement best defines the term premium?

Revolt · Accepted Answer

It is a fee paid to an insurance company to purchase coverage.

Question 8

Fred pays $170 monthly or $2,040 per year for car insurance. Fred’s insurance company will pay a maximum of $50,000 for bodily injury per accident and a maximum of $25,000 for property damage if Fred gets into an accident that he has caused.What is Fred’s total policy limit based on the scenario?

Revolt · Accepted Answer

$75,000

Question 9

How can avoiding speeding tickets affect an automobile insurance policy?

Revolt · Accepted Answer

It can help keep premiums down.

Question 10

Which are benefits of purchasing insurance? Check all that apply.to gain greater confidence and securityto avoid having to reduce risky behaviorto be prepared for problems or changesto avoid paying costly monthly premiumsto have protection if something goes wrongto avoid receiving compensation or payouts

Revolt · Accepted Answer

to gain greater confidence and security; to be prepared for problems or changes; to have protection if something goes wrong

Buying Insurance Answers

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