Name: Candace Williams
Date: 4/8/24
School: Ramsay IB High School
Facilitator: Mr. Parker
3.04 Types of Insurance
Total Points: 64
Part 1
Part 1 Total Points: 42
Fill in the chart below to answer the questions about each type of insurance.
Type
Definition/What does it
cover?
Provided by Employer, Individual,
and/or Government?
Automobile Insurance
Loss caused by accidents,
vandalism, theft, and natural
disasters
individual
Health Insurance
Life Insurance
Disability Insurance
Homeowner’s
Insurance
Renter’s Insurance
Long-term Care
© ACCESS Virtual Learning 2018
Part 2
Part 2 Total Points: 18
In this lesson, we learned that automobile insurance has multiple components. Decide which type of automobile insurance
would cover the following scenarios:
1. Jeffrey rear-ended another car. The component of Jeffrey’s insurance that covers the other car is called liability
2. Sarah’s car was hit in a parking lot by someone who backed into it. The motorist in the car that backed into her car did not
have insurance. The component of Sarah’s insurance that covers damage to her car is uninsured motorists
3. John’s car is damaged in a hail storm. The component of John’s insurance that covers his car is Comprehensive
4. George runs off the road and into a tree. He is not harmed but his car is damaged. The component of George’s insurance that
covers his car is Medical Payment Insurance
5. Candice is walking down the street and gets hit by a distracted driver. She has a broken leg. The component of Candace’s
insurance that covers her medical bills is called Medical Payment Insurance
6. Jonathan has liability only coverage on an old truck. The truck is flooded and totaled. Which type of insurance will cover
Jonathan’s truck? Comprehensive
© ACCESS Virtual Learning 2018