Geico Assessment Test Geico Knowledge 3

Question 1

Which of the following is NOT a typical type of coverage offered in an auto insurance policy?

Accepted Answer

Mortgage coverage

Answer

Mortgage coverage relates to home loans, not auto insurance policies.

Question 2

In insurance, what is a 'deductible'?

Accepted Answer

The amount the policyholder pays before insurance covers the rest

Answer

A deductible is the out-of-pocket amount the policyholder pays before the insurer covers the remaining cost of a claim.

Question 3

What is a 'premium' in insurance terms?

Accepted Answer

The payment made to keep a policy active

Answer

A premium is the amount a policyholder pays, often monthly or annually, to maintain coverage.

Question 4

Liability coverage in an auto policy primarily protects against what?

Accepted Answer

Costs when you are at fault for others' injuries or property damage

Answer

Liability coverage pays for injuries and property damage you cause to others when you are at fault.

Question 5

Besides auto, GEICO also offers policies for which of the following?

Accepted Answer

Homeowners and renters insurance

Answer

GEICO offers a range of products including homeowners, renters, motorcycle, and umbrella insurance.

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