Insurance - Salak

The out of pocket cost to the insured when a loss occurs is called...

A stone hits your windshield. Which type of coverage would likely cover this expense?

Which of the following wouldn't save you money on your auto insurance premium?
- Decrease your deductible
- Reduce or eliminate optional insurance on an older vehicle
- Maintain a good credit history
- Bundle your insurance with other policies

Your health insurance copay is

Which of the following would be covered under a renter's insurance policy?
- Damage to the exterior of the property
- Medical bills of another person who is injured on the property
- Your roommate's personal belongings in the rental unit
- Damage to a detached shed on the property

True or False: Insurance is based on the concept of shared risk, or risk pooling.

What is the average monthly renter's insurance premium cost in the U.S.?

Insurance companies make money by...

Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company pay?

Someone broke into Sam’s car by smashing the passenger window. Which type of auto insurance coverage will help cover the cost to get the window replaced?