Insurance / Risk Management Quiz
15 Questions
| Total Attempts: 385
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Questions and Answers
- 1.Define what Insurance is....
- 2.Which of the following is NOT an identified type of insurance?
- A.
Property
- B.
Auto mobile
- C.
Education
- D.
Health
- 3.Homeowner's Insurance covers all EXCEPT?
- A.
Theft and Vandalism coverage
- B.
Party coverage
- C.
Hurricane coverage
- D.
Liability coverage
- 4.It is better to need and not have insurance !
- A.
True
- B.
False
- 5.To drive a vehicle in the state of Virginia, you MUST have of which of the following types of insurance?
- A.
Comprehensive
- B.
Collision
- C.
Uninsured Motorist
- D.
Liability
- 6.If your claim for an accident is $400,000 and your insurance policy is worth $250,000 you are what is called_______________________
- 7.For automobile insurance...you pay all EXCEPT which of the following
- A.
State inspection cost
- B.
Deductible cost
- C.
Premium cost
- D.
Extended cost
- 8.Your finance history (credit report) can impact the rate or amount you pay for automobile insurance?
- A.
True
- B.
False
- 9.Health Insurance will pay for _______________ expenses
- 10.Which of the following is NOT a form of long-term insurance?
- A.
Disability
- B.
Automobile
- C.
Life
- D.
Workers' Compesation
- 11.The main purpose of Disability Insurance is to______________
- 12.Life Insurance policies can be temporary or permanent?
- A.
True
- B.
False
- 13.What type of value would an insurer pay if your property becomes damaged, lost or stolen?
- A.
New value
- B.
Premium value
- C.
Reimbursement value
- D.
Replacement value
- 14.What is NOT found within an insurance document?
- A.
Declaration page
- B.
Conditions page
- C.
Payment page
- D.
Endorsement page
- 15.My car has been vandalized (thief stole or damaged car) OR my home was damaged by a storm OR a family member was in the hosptial for surgery; before the insurance comapany will pay the bill I must submit a ________
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general insurance agent practice questions with answers
general insurance agent practice questions with answers
Know Everything About Insurance Policies - Insurance Quiz
Know Everything About Insurance Policies - Insurance Quiz
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