The Insurance Intelligence Quiz

This is a list of 10 questions that will test what you know regarding insurance topics.
Try the test and see if you will outperform majority of Americans that can answer only four out of the ten questions!

1. What factors can affect your auto insurance policy? a. Your gender and marital status b. Where you live, your accident history and the safety features on your car c. Your income and credit score d. All of the above can affect your policy, depending on type of coverage and where I live

2. Can you own a home without having homeowners insurance? a. Yes b. No

3. Do you need private mortgage insurance (PMI) when purchasing a home? a. Yes. It is always required by law. b. No. It is not required by law. c. Maybe. It depends upon the size of the downpayment and the requirements of the lender.

4. In general, how much life insurance is recommended? a. Half of your annual salary b. 2-4 times your annual salary c. 5-7 times salary is a benchmark that is often recommended. However, circumstances vary widely, and individuals should carefully consider their own needs. d. 10 times your annual salary

5. If you have personal auto insurance, will it always cover a rental car? a. Yes b. No

6. If you have personal auto insurance, does it automatically cover your car if someone else is driving it with your permission and gets into an accident? a. Yes b. No

7. When planning a personal trip, which of the following can you purchase for? a. Flight and trip cancellation b. Baggage coverage including lost or stolen personal items c. Health and medical evacuation insurance d. All of the above

8. Does health insurance provide for living expenses if you are laid up and cannot work for a while? a. Yes, health insurance would cover expenses if I were unable to work. b. No, health insurance would not cover expenses if I were unable to work.

9. If you leave a job either voluntarily or through termination, and decide to continue your health insurance benefits under COBRA, you will pay: a. Nothing. Your employer must pay your premiums for up to 18 months. b. The same amount that you were responsible before leaving the job. c. The full cost of coverage.

10. Can there be benefits to purchasing long-term care insurance as a young adult? a. Yes. The younger you are when you buy, the lower the premiums b. No. The premiums are the same no matter what age you are

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