Foolproof Module 15: Parachute Required

Which actions can an insurance company take if you recieve a DUI?

C. Both A and B

Health insurance is designed to cover

C. Some or all of your expenses related to accidents and some health issues

In which cases does property insurance give you coverage

A. Fire

What is collision insurance?

B. This covers physical damage to a vehicle. Collision insurance usually has a "deductible" which means the company will not pay for 100% of the damages.

Comprehensive insurance is when your insurance company usually

C. Covers collision and physical damage

A (an) _ is a document that is based on the amount of risk taken on a specific outcome

C. Insurance policy

Life insurance can usually help you in which of these cases?

D. All of the above

What are some of the factors that would influence your insurance costs?

D. All of the above

What are some obligations you must fufill for an insurance policy to be in effect?

D. Both A and C

What is an insurance "deductible"?

D. The amount of damages you must pay in case of an accident

If i make a lot of claims on my insurance, my insurance cost will probably go down

False

Your parents' income will be used to determine what your insurance will cost

False

It is smart to always compare insurance costs between different companies. Insurance agents are usually good people. But a smart customer knows that the insurance agents' job is normally to sell, not necessarily tell you if their insurance coverage costs more than other insurance coverage.

True

The purpose of life insurance is to protect your car in case of an accident?

False

The cost of insurance can vary widly between insurance companies

True