BML 13-4 Question Preview (ID: 9063)
Ch 13 Set 4.
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Uninsured motorist protection covers
a) uninsured drivers only when an insured driver is at fault.
b) insured drivers only when that insured driver is at fault.
c) insured drivers only when an uninsured driver is at fault.
d) uninsured drivers only when another uninsured driver is at fault.
If your car suffers $1,500 in damage in an accident and your deductible amount is $500, you will have to pay ___ and your insurance company will pay ____.
a) $500; $1,000
b) $1,000; $500
c) $0; $1,500
d) $500; $1,500
Under a(n) ________ plan, people injured in an auto accident collect for their financial losses from their own insurance companies, regardless of who caused the accident.
a) assigned-risk
b) no-fault
c) comprehensive
d) all-risk
Which of these is a true statement about automobile insurance?
a) It is very inexpensive, so you should always buy as much coverage as possible.
b) It is expensive, so you should avoid buying it if you can.
c) It is expensive, but is required by law and you should buy an amount appropriate for your situation.
d) It is very expensive, so you should never buy more than what is required by law.
Homeowners insurance usually covers all of these EXCEPT
a) damage to your home caused by most weather events (tornados, hurricanes, etc.).
b) damage or injuries caused by your pets.
c) damage you cause to someone else's home while visiting.
d) expenses incurred while living someplace else while your home is being repaired.
Which of these is usually a true statement?
a) The longer you keep a life insurance policy, the higher its cash value.
b) The longer you keep a life insurance policy, the lower its cash value.
c) The longer you keep a life insurance policy, the higher its face value.
d) The longer you keep a life insurance policy, the lower its face value.
Your need for life insurance is highest when you are
a) retired and have adult children with their own careers.
b) young, single, and have no children.
c) young and married with children.
d) middle-aged and have children but no debts.
Which of these does NOT affect the premium for life insurance?
a) your health
b) your age
c) your income
d) your occupation
Which of these statements is true?
a) Medicare is administered by state governments for elderly people.
b) Medicaid is administered by the federal government for elderly people.
c) Medicaid is administered by state governments for poor people.
d) Medicare is administered by the federal government for poor people.
People who purchase individual health insurance usually
a) do so because they are not eligible for group insurance.
b) do so because it is less expensive than group insurance.
c) are not self-employed.
d) do not have to have a physical exam.
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