Health Insurance
Automobile Insurance
Home and Renters insurance
100

What is co-pay?

 the amount you have to pay for each office visit

100

Name three pieces of information that are used by auto insurance companies to determine premium.

  • Home address…zip code matters

  • Age…..16-23 specifically then 70-90

  • Your driving experience…..3+ years

  • Your credit score…. Fair/Good 700-

  • 740/Excellent 800-850

  • Claims History…if you’ve had an accident or a

  • violations (name a few***)

  • Year Make and Model of your car

  • Coverages State minimum vs Recommended

100
  • What do you pay to obtain insurance coverage

Premium

200

What is hospitalization percentage?  

 the amount of the bill the insurance company will pay if youre hospitalized

200
  • What are some violations you get on your driver license? Name 3


  • STOP SIGN

  •  FAILURE TO YIELD

  •  SPEEDING 5-10MPH OVER

  •  SPEEDING 15+ IS SURCHARABLE

  •  RECKLESS DRIVING FOR TEXTING

  •  DUI- ALCOHOL AND DRUGS PRESCRIBED BY DOCTORS

  •  A DUI can have you lose your license for 1-3 years. Most insurance

  • companies won’t insure you until your license is clean for 3 full years

200

Which coverage in a typical homeowners or renters insurance policy is generally optional?

a. Personal liability b. Medical payments c. Personal property d. Riders

 d. Riders

300

What is a deductible?

 the amount you must pay each year before your insurance begins to pay.      

300
  • What will happen if one's car insurance is canceled?

  • PENNDOT- will suspend your tags to your car if you are more than 30 days without coverage. You have to be without your car for 3 months and pay a Reinstatement fee of $250+

  • Your new rate for insurance will be much higher due to a lapse in coverage.

300
  • Is it true for people to usually shop for insurance on an insurance company’s website?

 NO, Insurance companies assess a person’s credit history, loss history, and previous and current insurance coverage.

400

Name 2 factors that contribute to choosing the level of coverage needed?

Age, previous medical conditions, income

400
  • What is limited tort?.

you can not sue unless there is a serious injury

400
  • Your insurance's price increases when your child turns what age?

15

500

What is a premium?

A fee to get and keep insurance

500
  • Name 5 Auto Insurance Companies.

Nationwide

  • Allstate

  • Liberty Mutual

  • Geico

  • State Farm

  • Travelers

  • Progressive

  • ERIE

  • The General

500
  • True or false,  that renter insurance only covers where you currently reside. 

False, Renters insurance covers your personal property anywhere in the world.

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