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120 Insurance Basics: Auto, Home & Health Terms Explained Practice Questions (2026)

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Full Question List

  1. Question 1

    What is insurance?

  2. Question 2

    What is risk pooling in insurance?

  3. Question 3

    What is an insurance premium?

  4. Question 4

    What is a deductible?

  5. Question 5

    What is a policyholder?

  6. Question 6

    What is a beneficiary?

  7. Question 7

    What is an insurance claim?

  8. Question 8

    What is coverage?

  9. Question 9

    What is an insurance agent?

  10. Question 10

    Why is insurance important?

  11. Question 11

    What is auto insurance?

  12. Question 12

    What is liability coverage in auto insurance?

  13. Question 13

    What is collision coverage?

  14. Question 14

    What is comprehensive coverage?

  15. Question 15

    What are state minimum requirements for auto insurance?

  16. How many did you know?

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  17. Question 16

    What is bodily injury liability?

  18. Question 17

    What is property damage liability?

  19. Question 18

    What is personal injury protection (PIP)?

  20. Question 19

    What is medical payments coverage?

  21. Question 20

    What factors affect auto insurance premiums?

  22. Question 21

    What are coverage limits in auto insurance?

  23. Question 22

    What does at-fault mean in auto insurance?

  24. Question 23

    What is uninsured motorist coverage?

  25. Question 24

    What is underinsured motorist coverage?

  26. Question 25

    What is rental reimbursement coverage?

  27. Question 26

    What is roadside assistance coverage?

  28. Question 27

    What is gap insurance?

  29. Question 28

    What is actual cash value (ACV) in auto insurance?

  30. Question 29

    When does auto insurance total a car?

  31. Question 30

    What is a multi-car discount?

  32. How many did you know?

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  33. Question 31

    What is home insurance?

  34. Question 32

    What is dwelling coverage?

  35. Question 33

    What is personal property coverage?

  36. Question 34

    What is personal liability coverage in homeowners insurance?

  37. Question 35

    What is an HO-3 policy?

  38. Question 36

    What is other structures coverage?

  39. Question 37

    What is loss of use coverage?

  40. Question 38

    What is medical payments coverage in homeowners insurance?

  41. Question 39

    What factors affect home insurance premiums?

  42. Question 40

    Do I need home insurance if I own my home outright?

  43. Question 41

    What is replacement cost coverage?

  44. Question 42

    What is actual cash value in home insurance?

  45. Question 43

    What are named perils in home insurance?

  46. Question 44

    What are open perils in home insurance?

  47. Question 45

    Does home insurance cover floods?

  48. How many did you know?

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  49. Question 46

    Does home insurance cover earthquakes?

  50. Question 47

    What is water backup coverage?

  51. Question 48

    What is scheduled personal property?

  52. Question 49

    What is ordinance or law coverage?

  53. Question 50

    What is service line coverage?

  54. Question 51

    What is health insurance?

  55. Question 52

    What is the Health Insurance Marketplace?

  56. Question 53

    What is employer-sponsored health insurance?

  57. Question 54

    What is an HMO?

  58. Question 55

    What is a PPO?

  59. Question 56

    What is an EPO?

  60. Question 57

    What is Medicare?

  61. Question 58

    What is Medicaid?

  62. Question 59

    What is a high-deductible health plan (HDHP)?

  63. Question 60

    What is a Health Savings Account (HSA)?

  64. How many did you know?

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  65. Question 61

    What is in-network in health insurance?

  66. Question 62

    What is out-of-network?

  67. Question 63

    What is preventive care?

  68. Question 64

    What is prior authorization?

  69. Question 65

    What is a formulary?

  70. Question 66

    What is a specialist?

  71. Question 67

    What is an urgent care facility?

  72. Question 68

    What is emergency care?

  73. Question 69

    What is telemedicine?

  74. Question 70

    What are essential health benefits?

  75. Question 71

    What is a health insurance deductible?

  76. Question 72

    What is a copay?

  77. Question 73

    What is coinsurance?

  78. Question 74

    What is out-of-pocket maximum?

  79. Question 75

    What is the difference between deductible and out-of-pocket maximum?

  80. How many did you know?

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  81. Question 76

    What are premium subsidies?

  82. Question 77

    What are cost-sharing reductions?

  83. Question 78

    What is a family deductible?

  84. Question 79

    What are metal tiers in health insurance?

  85. Question 80

    How can I lower my health insurance costs?

  86. Question 81

    How do I file an insurance claim?

  87. Question 82

    What is a claims adjuster?

  88. Question 83

    What documentation do I need for a claim?

  89. Question 84

    How long does a claim take to process?

  90. Question 85

    What if my claim is denied?

  91. Question 86

    Should I file small claims?

  92. Question 87

    What is subrogation?

  93. Question 88

    What is a public adjuster?

  94. Question 89

    How do I appeal a denied claim?

  95. Question 90

    What is a claim settlement?

  96. How many did you know?

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  97. Question 91

    What are exclusions in insurance?

  98. Question 92

    What is a rider or endorsement?

  99. Question 93

    What is a policy period?

  100. Question 94

    What is an insurance declaration page?

  101. Question 95

    What is cancellation of a policy?

  102. Question 96

    What is non-renewal of a policy?

  103. Question 97

    What is a grace period?

  104. Question 98

    What is an insurance binder?

  105. Question 99

    What is aggregate limit?

  106. Question 100

    What is a peril in insurance?

  107. Question 101

    How do I compare insurance policies?

  108. Question 102

    What are recommended coverage limits?

  109. Question 103

    What is bundling insurance?

  110. Question 104

    Should I choose a higher deductible?

  111. Question 105

    How often should I review my insurance?

  112. How many did you know?

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  113. Question 106

    What is an independent insurance agent?

  114. Question 107

    What is a captive insurance agent?

  115. Question 108

    What insurance discounts are available?

  116. Question 109

    What is an umbrella policy?

  117. Question 110

    How do I check an insurance company's reputation?

  118. Question 111

    What is underinsuring?

  119. Question 112

    Why should I update my policy?

  120. Question 113

    What are coverage gaps?

  121. Question 114

    Why shouldn't I just buy minimum coverage?

  122. Question 115

    What happens if I let my policy lapse?

  123. Question 116

    Should I lie on my insurance application?

  124. Question 117

    Why is reading my policy important?

  125. Question 118

    What is insurance fraud?

  126. Question 119

    Why shouldn't I cancel insurance to save money?

  127. Question 120

    What should I do after getting insurance?

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