Car Insurance Test
14 Questions
| Total Attempts: 5065
(152).jpg "Car Insurance Test")
This quizzes you on how well you learned about car insurance!
Questions and Answers
- 1.What is: Insurance that pays for the cost of injuries to people involved in an accident and protects the insured against financial loss from lawsuits and other legal expenses incurred as a result of an accident. There are two limits: the maximum that will be paid to any one person and the maximum for each accident.
- A.
Medical Payment Coverage
- B.
Bodily Insurance Liability
- C.
"No Fault" Insurance
- 2.What is: Insurance that pays the medical expenses and the cost of health care of those in the insured's automobile that were injured, including the insured.
- A.
Medical Payment Coverage
- B.
Collision
- C.
Bodily Insurance Liability
- 3.What is: Insurance that protects against financial loss, within limits, when the insured damages the property of others. This primarily applies to vehicles but could also include street signs, lampposts, and buildings.
- A.
Collision
- B.
Comprehensive
- C.
Property Damage Liability
- 4.What is: Insurance that covers the cost of injuries to the insured and his or her family if the insured is in a "hit and run" accident or in an accident with someone that does not have insurance, or when the other driver does not have adequate coverage for the damage caused to the insured.
- A.
Collision Physical Damage
- B.
Uninsured Motorist's protection
- C.
"No Fault" Insurance
- 5.What is: A program in which an insured can collect medical expenses, lost wages and injury costs from their insurance company, as a means to expedite paying for damages until the process of determining fault is complete.
- A.
"No Fault" Insurance
- B.
Assigned Risk Pool
- C.
Collision
- 6.What is: Individuals unable to obtain insurance due to a poor driving record or accident, obtain insurance-albeit at high rates-through a state program whereby insurance companies must accept some such drivers.
- A.
Comprehensive
- B.
Collision
- C.
Assigned Risk Pool
- 7.A ____________ owns the insurance company.
- 8.A contract of insurance between an insurance company and the policy holder is a ___________.
- 9.A(n)__________ is covered by an insurance policy.
- 10.The amount the insured must pay before financial benefits are paid by the insurance company is called the ______________.
- 11.The cost of the insurance policy is called the _____________.
- 12.Insurance that pays for the damage to the uninsured's automobile, regardless of whether the insured caused the accident is called ____________.
- 13.Insurance that provides financial protection against loss from the damage caused by something other than collision, such as fire, theft, and vandalism is called _______________.
- 14.Describe to me what these specific numbers mean for a insured person: 100/300/50.
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