EPF Insurance

Basics

100

The purpose of insurance

What is - to transfer risk

200

When you have an insurance claim, this is the part you have to pay yourself

What is - a deductible

300

The monthly payment you make for your insurance policy

What is - a premium

400

The maximum amount that your insurance will pay

What is - coverage limit

500

If you want to lower your deductible, what will happen to your premium?

What is - it will increase

Auto Ins

100

What type of auto insurance helps if you are in an accident caused by a driver who does not have insurance?

What is - Uninsured/underinsured coverage

200

What type of auto insurance covers your car if it is stolen or vandalized?

What is - Comprehensive

300

What type of auto insurance covers your car when it hits something?

What is - collision

400

What type of auto insurance covers damages and injuries to other people?

What is - Liability

500

If you caused an accident and repairs to the other car are $13,000 but your coverage limit is $10,000, how much will you have to pay?

What is - $13,000

Renters/Home Ins

100

Which is more affordable, homeowner's or renter's insurance?

What is - renters

200

Which type of insurance covers the structure of your house if there is a fire?

What is - dwelling

300

What type of insurance covers your she-shed full of craft supplies?

What is - Other Structures

400

What type of insurance covers injuries to other people on your property

What is - liability

500

A home burns down. It was insured up to $300,000. The damages are $310,000 and the deductible is $5,000. How much of the damages will the homeowner pay?

What is $10,000

Health Ins

100

Which metal represents the least expensive health insurance option?

What is - bronze

200

The silver plan covers what percentage of health care costs?

What is - 70%

300

Which plan covers 90% of healthcare costs?

What is - Platinum

400

Which types of health care plans are the least expensive?

What are - HMO and EPOs

500

Which type of healthcare plan is a hybrid of the HMO and PPO types?

What is - POS plan

Bonus

100

On average, are teen drivers getting their licenses earlier or later than in the past?

What is - later

200

Name two types of things renter's insurance will cover

What is - belongings, hotel, small alterations you have made to the apartment

300

Homeowners insurance covers what amount of flood damage?

What is - none

400

How can insurance companies afford to pay for expensive accidents when your premiums are much less?

What is - The insurance company pools together lots of people who are buying insurance

500

According to insurance companies, what type of customers are most expensive to insure?

What are - teens