Answer:
Matching Situation with appropriate term:
1. _c. Collision
__ Allen was driving home when a deer jumped out. The deer damaged his truck.
2. _n. Property Damage Liability
_ A lightning strike at Troy’s home damages his TV and DVD player.
3. _h. Insurance Company/Insurer
_ ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt.
4. _p. Risk management
_ Adam’s job is deciding if the insurer will accept a risk and what the cost will be.
5. __o. Renter’s
__ Amy decides not to purchase a new car because insurance is so expensive.
6. __m. Premium
_ Bill is paid for a collision claim based on the book value of his vehicle.
7. __i. Insurance fraud
_ Cheetum’s Body Shop padded the repair bill for Chris’s pick up.
8. _b. Bodily Injury Liability
_ Janet hit a car and someone was hurt. This covers the medical expenses.
9. _r. Uninsured and Underinsured Motorist
_ Keith let the auto insurance policy lapse. Keith rear-ended Ann’s truck today.
10. _d. Comprehensive
_ Missy owes for damage to John’s car because she hit him while talking on her cell.
11. _m. Premium_ Monica’s life insurance costs more but includes a savings component.
12. _s. Whole Life__ Pat insures his business partner, Chuck, with a $1 million life insurance policy.
13. __m. Premium__ Rob gets a bill in the mail from ABC Insurance Company for $125.
14. __h. Insurance Company/Insurer
_ Ross contacted this business when he had an automobile accident.
15. _n. Property Damage Liability
_ Tammy hit a telephone pole and did over $2000 damage to her car.
16. _e. Financial Responsibility Law
__ This requires Joe to buy liability insurance prior to getting a license plate.
17. __l. Medical Payments
__ Thomas shut the trunk on his thumb and went to the emergency room.
18. __i. Insurance fraud_ Tony and Chris staged an auto accident to collect claim benefits.
19. _n. Property Damage Liability_ Wanda’s car was damaged by hail during a storm.
20. _b. Bodily Injury Liability_ An ambulance transported Melanie to the hospital after the other car crossed the center line and caused a wreck.
Explanation:
Appropriate terms:
a. Actual Cash Value
b. Bodily Injury Liability
c. Collision
d. Comprehensive
e. Financial Responsibility Law
f. Homeowner’s
g. Insurable Interest
h. Insurance Company/Insurer
i. Insurance fraud
j. Insured
k. Joint Insurance
l. Medical Payments
m. Premium
n. Property Damage Liability
o. Renter’s
p. Risk management
q. Underwriter
r. Uninsured and Underinsured Motorist
s. Whole Life
