General
Property risks, personal risks, and liability risks
What are Three insurable risks?
T or F -- Good grades can reduce your car insurance premium.
What is True
Covers your car in case of an accident.
What is Collision?
Auto & home
What are 2 types of insurance most people have?
Age, wear and tear (mileage), the fact that used items are less valuable than new ones.
What are three factors that contribute to the cash value of a vehicle.
Covers you in case a tornado drops a tree on your car.
What is Comprehensive?
A set amount that the insured person must pay before the insurer pays benefits
What is a deductible?
Easiest way to lower the cost of collision insurance.
What is Increase the deductible
Covers the passengers of the other vehicle.
What is Liability -- Bodily Injury?
These are risks that are NOT covered by the insurance policy.
What is an exclusion?
Speeding tickets, number of accidents, age, gender, location and your credit score
What are things used to determine your auto insurance premium?
You hit a patch of ice and lose control and hit a telephone pole. What coverage will pay for the damage to the pole?
What is Liability -- Property?
A contract between you and your insurance complany specifying exactly what is covered
What is a policy?
Easiest way to lower the cost of liability insurance.
What is lower the limits
A car runs a red light. The driver does not have insurance. What coverage will pay for the damages to your car?
What is Uninsured motorist?