Introduction to Business

Section 1: Vehicle Insurance

Self-Checks

1
The person who buys an insurance policy is called the _______ .
A)insurance holder
B)insurer
C)policy agent
D)policyholder
2
Vehicle insurance offers _______ types of protection.
A)four
B)five
C)six
D)seven
3
The most basic type of vehicle insurance coverage is _______coverage.
A)collision insurance
B)comprehensive
C)liability
D)medical payments
4
You crash your truck into a flower cart. The damage to the cart is covered by_______ coverage.
A)collision insurance
B)comprehensive
C)miscellaneous
D)property damage
5
If you are driving a friend to school and you are involved in an accident that results in injuries to your friend, your friend’s medical bills will be covered by _______coverage.
A)bodily injury liability
B)collision insurance
C)comprehensive
D)medical payments
6
A law requiring drivers to pay for damages they cause in an accident is a(n) _______ law.
A)compulsory insurance
B)financial responsibility
C)pay to drive
D)uninsured motorist
7
With no-fault insurance, drivers involved in accidents collect damages from _______ no matter who is at fault.
A)the government
B)their state’s insurer
C)their own insurer
D)the state insurance fund
8
A law that drivers must have a minimum amount of vehicle insurance is a(n) _______ law.
A)compulsory insurance
B)financial responsibility
C)pay to drive
D)uninsured motorist
9
A request for payment from an insurer for damages is a _______ .
A)call
B)claim
C)demand
D)petition
10
The dollar amount of the damages that a policyholder must pay before the insurance company pays a claim is called a _______ .
A)deductible
B)down payment
C)surcharge
D)waiver
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