NAME: ________________________

Insurance Test

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6 Written Questions

6 Multiple Choice Questions

  1. Waiting period
  2. 2 examples of car insurance exlusions
  3. What to remember when choosing insurance
  4. Market value
  5. 2 examples of health insurance exclusions
  6. Replacement cost

6 True/False Questions

  1. insurer will pay you a fixed dollar amount as stated on your policyAgreed value


  2. Reduce the risk, purchase more than one policy from the same insurer, pay for insurance anuallyWhat is a claim?


  3. what you must pay out of your own pocket on any claimExcess


  4. Extreme activities, war or terrorist damage, luggage left unattended3 examples of travel insurance exclusion


  5. What is being insured and the risk being insured against, any exclusions, how much the insurer will pay if you make a claim, how much the policy will cost youWhat does the insurance policy set out?


  6. Insurance can help you replace something, protect you from something that may happen, pay off debtReasons to insure


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