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Short answer and a little summarized Personal Finance Quiz - Insurance THIS IS YOUR LAST SCHEDULED QUIZ! Name: Completely and correctly answer the following for

Short answer and a little summarized

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Personal Finance Quiz - Insurance THIS IS YOUR LAST SCHEDULED QUIZ! Name: Completely and correctly answer the following for full credit. 1.) Explain "premium" and "shared liability". 2.) What is the difference between "coverage" and "limits"? 3.) What is the purpose of insurance? Give the term and definition. a. Disability, both short and long term 4.) What is the purpose of the following forms of insurance? b. Property c. Flood 5.) If you are living in a house and driving to work, what three types of insurance should you have?

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Premium refers to the amount of money an individual or entity pays to an insurance company in exchange for coverage It is typically paid periodically such as monthly or annually and is determined base... blur-text-image

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