Household Insurance (Junior Cert Business Studies): Quizzes

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Household Insurance
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How many main categories of household insurance are there?

Four

Who requires you to have home insurance before approving a loan?

Mortgage lenders

What does buildings insurance cover?

Structural damage like roof and walls

Which type of home insurance offers the broadest coverage?

All risks insurance

Why is it called life 'assurance' rather than 'insurance'?

Death is certain to happen eventually

Which type of life assurance is the most affordable option?

Term assurance

Is car insurance legally required for all drivers?

Yes, it's legally required

What does third party fire and theft NOT cover?

Accidental damage to your own car

What does income protection insurance replace if you cannot work?

Your regular income

How is PRSI calculated?

Percentage of salary or wages

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