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Team 2
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Teams
Name
Score
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15
×
The policyholder received full __________ after their vehicle was totaled in an accident that was covered by the policy.
Indemnity
Oops!
Check
Okay!
Check
15
×
__________ helps insurance companies manage risks related to large-scale disasters by sharing the financial burden with other insurers.
Reinsurance
Oops!
Check
Okay!
Check
15
×
The driver was covered under __________, which paid for damages to the other car involved in the collision.
Third-Party Liability
Oops!
Check
Okay!
Check
×
eraser
Reset score!
Oops!
×
star
Double points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
×
lifesaver
Give 20 points!
Oops!
×
magnet
Take 10 points!
Okay!
×
shark
Other team loses 5 points!
Okay!
×
banana
Go to last place!
Oops!
15
×
The insurer initiated a __________ to verify the accuracy of the details provided in the claim.
Claim Investigation
Oops!
Check
Okay!
Check
15
×
The policy only covers damage from __________, such as fire, theft, and windstorm, as specified in the contract.
Named Perils
Oops!
Check
Okay!
Check
×
trap
No points!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
The policyholder filed a __________ after their home was damaged by a severe storm.
claim
Oops!
Check
Okay!
Check
15
×
Because of the clientâs recent home renovations, there was a __________ to reflect the increased value of the property.
Premium Adjustment
Oops!
Check
Okay!
Check
15
×
The homeowner reached the maximum __________ for flood damage after a severe storm hit the area.
Coverage Limit
Oops!
Check
Okay!
Check
15
×
The company requested an __________ of the building's value before renewing the insurance policy.
Appraisal
Oops!
Check
Okay!
Check
15
×
__________ ensures that policies are adequately priced and aligned with the level of risk presented by the insured party.
Underwriting
Oops!
Check
Okay!
Check
15
×
Before issuing a policy, the insurer performs a __________ to evaluate the potential hazards and set an appropriate premium.
Risk Assessment
Oops!
Check
Okay!
Check
15
×
The __________ clause allows the insurance company to pursue legal action against the party responsible for the loss.
Subrogation
Oops!
Check
Okay!
Check
15
×
In cases of partial damage, the insurance company may decide to __________ items that still have some value.
Salvage
Oops!
Check
Okay!
Check
×
Restart
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