QUIZ

Insurance 101 Quiz? Let’s do it.

Educating our clients on insurance is a top priority, as informed clients make better decisions. By empowering you with knowledge, we strive to build lasting relationships based on trust and transparency.

Call Us

Our Client Education Quizzes

Think you can out smart these insurance questions??
Hmm, let’s see if you can?
Click on each of the sections for different insurance categories.

Insurance 101

Insurance 201

Life Insurance 101

Fun

6 votes, 5 avg

Personal Insurance Quiz 101

10 Quick, easy home and car insurance quiz questions to help you unlock how it works by increasing your knowledge.

1 / 10

Which of the below will effect how much my premium will be when taking out vehicle insurance?

Age, risk address, vehicle details, license, claims history and marital status.

Age, risk address, smoker status, vehicle details.

Age, address, smoker status, vehicle details, license information, if I drink or not.

2 / 10

With vehicle insurance, do I generally have to pay extra when I use roadside assistance?

Yes you pay for everything with insurance.

Yes you have to pay for road assistance as the insurer will only cover you when you meet up in an accident.

No, road side assistance is one of the benefits that comes with a having full comprehensive cover on your vehicle, it is available to you 24 hours / 365 days.

3 / 10

Why would an insurer reject my claim?

Driving under the influence of alcohol.

If I use my vehicle for business purposes, but I stated that I am using it only for private purposes.

All answers listed here.

Using the vehicle for drag racing.

4 / 10

Vehicle insurance have additional excesses. What are additional excesses?

An excess you pay over and above your basic excess, if it applies at time of loss.

An excess you pay when you have selected a car hire option.

An excess you pay together with your basic excess always.

5 / 10

My vehicle should be insured for Retail Value. What is Retail Value?

It is the average value a car dealership would sell a vehicle for.

It is the value that the panel beater can repair my vehicle for.

It is the value a dealership would pay for a vehicle.

6 / 10

Insurance quotation are generally valid for how long?

1 month

7 days

30 days

7 / 10

Why do I need car insurance?

It allows you to have cover against any accident, fire, theft and hijacking thus helping you to ensure that you should you have any loss you will be compensated for it.

Because it is a requirement for vehicles that are being financed from a bank.

All answers listed here.

8 / 10

What does the insurer mean when they ask if I am the regular driver of my vehicle?

My spouse and I drive each other’s cars, so there is no regular driver.

I drive my car 3 days a week, the rest of the days I don’t go anywhere.

The person who drives the car the most.

I drive the car everyday and no one else is allowed to drive my vehicle.

9 / 10

What does it mean to be under insured?

Under insured means covering your contents for an amount which is less then its actual replacement value.

It means all your items are covered even those that are stored in storage facilities.

Under insured means covering your contents under well looked after home with adequate security

10 / 10

How long do I have to report an accident to the police to claim for insurance?

Accidents are traumatic so I can take as long as I need.

Within 24 hours of the incident to any police station that is closest to my home.

Within 24 hours of the incident to the closest police station where the accident happened.

Within 30 days after the accident.

Your score is

LinkedIn Facebook

Please rate this quiz

By Wordpress Quiz plugin

1 votes, 5 avg

Personal Insurance Quiz 201 - Intermediate

10 Intermediate level, random quick, easy home and car insurance quiz questions to help you unlock how it works by increasing your knowledge.

Under insurance is calculated using average. Average is calculated using the below formula:
Average = (Sum Insured Amount) / (Actual Replacement Amount ) x (Claim Amount)
Once you have worked out the average amount you need to minus the excess and it will give you the total amount that an insurer will payout.

1 / 10

My contents is covered for R100 000 with a basic excess of R2 000. Someone breaks into my house and steals all my contents. I submitted a claim, the insurer advises that I am under insured.

My contents is actually worth R250 000. How much will I be paid out?

R98 000 (100 000 minus 2 000)

R38 000 (100 000/250 000) x 100 000 minus 2 000

R248 000 (250 000 minus 2 000)

R40 000 (100 000/250 000 x 100 000)

2 / 10

Why is it important to disclose true information to insurance companies?

Your claim may be rejected if the insurer finds out you lied and that increases the chance of your policy being cancelled.

The insurers always have investigators to check up on clients from time to time.

The insurer just wants to charge me more, even if a previous claim was not my fault.

3 / 10

I have contents and building insurance with A Insurers and I am covered for R1 000 000 for my building and R250 000 for my contents cover.

I have a zero excesses on both covers. After validating my claim due to a fire, I am advised that I am under insured for both my contents and building.

The replacement value for my building is R2 500 000 and my contents is R325 000. How much will I be paid out?

R1 000 000 for building and R250 000 for contents.

R2 500 000 for building and R325 000 for contents.

R400 000 for the building and R192 308 for contents (1 000 000/2 500 000) x 1 000 000 AND (250 000/325 000) x 250 000

4 / 10

Pam who is 29 years old, takes out insurance with Z Insurers for her car. She opts for a basic excess of R5 000.

The are also 2 additional excesses on her policy schedule. (Drivers under the age of 25 years R2 000 excess and where an accident happens between 11pm and 4am R5 000 excess).

Pam goes out partying and she meets up in an accident at 2am. She is stressed out about how much excess she needs to pay when she claims, how much would she need to pay?

R10 000 as her basic excess and one additional excess applies to her.

R5 000 as the accident did not happen at 11pm or at 4am.

R12 000 as she needs to pay the basic and all additional excesses.

5 / 10

Do I really need to disclose the colour of my vehicle for insurers to calculate my premium?

No, it does not make a difference in premium.

No, the colour doesn’t mean anything and people are always respraying their cars anyway.

Yes, statistics show certain colour cars are at risk of being stolen.

6 / 10

Does my marital status really affect my vehicle insurance premium?

No, it is just nice to know whether you are committed or not so insurers can understand if you have sufficient cash.

Yes, married or co-habiting individuals are rated differently to single, young individuals. Insurers tend to provide lower premiums for married or co-habiting couples.

Yes, if you are married the need for insurance is greater then when you are single and not married.

7 / 10

Why is it important to know about my past insurance and claims when I am taking out insurance?

This will allow the insurer to see how many accidents and claims you have had in the past.

Your previous insurance history will allow the insurer to understand the type of risk they are accepting and will allow them to provide you with adequate premiums specific to your risk history.

Insurers don’t want to cover clients who have too many accidents, so that’s why they ask for this information.

8 / 10

What happens if I decide to cancel my vehicle insurance and self insure?

Your cover will end and you will be liable for any outstanding excesses that needs to be paid.

Your cover will end as per the date you cancel from and you may lose your insurance history you built up due to your break in insurance.

You need to give 60 days notice to the insurer and they must accept your cancellation.

9 / 10

What is the function and purpose of insurance?

Where the insurer accepts my premium in exchange for undertaking a risk to compensate me in the event of potential loss.

To protect my life and assets from being damaged.

To make sure that my assets are not damaged.

10 / 10

What is an additional excess?

This is an excess applicable over and above your basic excess. It will only be payable if it applies to you at the time of the claim.

This is the excess you will pay the panel beater at the time of a claim.

This is the excess you will pay the insurer every time you make a claim.

Your score is

LinkedIn Facebook

Please rate this quiz

By Wordpress Quiz plugin

0 votes, 0 avg

Life Insurance Quiz 101

10 random quick, easy life insurance quiz questions to help you unlock how it works by increasing your knowledge.

1 / 10

Is it necessary to have a Will, in case I die?

No, a will is only needed if you have a lot of money and assets.

No, you don’t need to have a will because, by law everything will automatically go to my wife and children.

Yes, it will allow your estate to be wound up efficiently and will ensure that your last wishes are carried out.

2 / 10

When is the best time to take out Life Cover?

Life cover should be taken out after you turn 50 years old, to ensure your family has money to survive in the event of your death.

Life cover should be taken out after you turn 21 years as you are officially an adult and you have responsibilities.

Life cover should be taken out as soon as possible. The younger you are the lower your premiums will be. Life is uncertain and you want to leave your family some means to take care of themselves.

3 / 10

Do insurers offer an monthly disability income benefit instead of a lump sum amount?

Yes, there are many insurers who offer a disability income benefit which is usually limited to 75% of your current salary.

No, you need to receive the lump sum and put it away and receive monthly interest on it from the bank.

No, you only get lump sum benefits.

Yes, there are many insurers who offer a disability income benefit which will match your current monthly salary.

4 / 10

Do I need to go undergo any medicals or answer any medical questions when taking out life cover?

Yes, you will be required to go to a lab and do blood tests to prove you are healthy and send it to us before you can sign up. Please note these costs are for your own account.

No, this will be done at the time of a claim.

Generally insurers will request that you go for certain blood test and answer medical questionnaires so they can assess you health up front before you take out a policy. These are routine tests and the insurer will pay for these tests.

No, medicals don't prove anything and therefore there is no reason to go through this.

5 / 10

I bought a house last month, the bank has advised that I need to have life cover which is the same amount as my bond amount but I don’t understand why I need this cover?

Banks want you to use your money more wisely, so they provide suggestions of what you can do to have a more secure future.

Banks want you to take cover to force you to become more responsible now that you have bought a house.

When a bank gives you a loan to buy a house they insist on you taking out life cover as surety for the asset. Should you die, the monies paid from the death cover will settle your bond and the house will not be re-possessed by the bank.

6 / 10

With death cover, is there a waiting period for suicide?

No, if you die from suicide you will still be covered at any time.

Yes, 60 months waiting period.

Yes, 12 months waiting period.

Yes, 24 months waiting period.

7 / 10

Is there specific cover for cancer only, as my family are at a higher risk for this disease?

Yes, most insurers now offer critical and servere illness cover on their own, like cancer, heart attack, stroke, etc. covers.

No, cancer is a very common illness and the insurers wont be able to manage this high risk.

No, servere illness cover will cover cancer and other servere illnesses, you need to take servere illness cover.

8 / 10

If I pay for my policy premiums for 20 years and don’t die, can my Life cover be paid out to me?

Yes, life cover can cover you for a period of 20 years and after that, you get paid out even if you are still alive.

No, Life cover will not pay me out after 20 years of premium payments, however it will pay the money to my beneficiary.

Life cover will only pay out when you die. But some insurers have cash back options which will allow you to get a portion or all of your premiums back after a specific period.

9 / 10

What will my premium be if I am 25 years old and I want R1 million life cover?

Your premium can range from anything between R200 to R700.

Your premium can not be calculated based on just your age and amount of cover, there are many variables to consider, like your health. It is best to consult a Financial Advisor first to determine how much of cover you need, you don't want to pay for cover you don't need.

Your premium should be cheap, between R100 and R250 as you taking out cover as such a young age.

10 / 10

What is the general purpose of lump sum disability cover?

This cover is taken out to assist you in the event of you becoming disabled and you cannot earn an income. You can use the lumpsum to for example - pay off your debts, re-do your home to accommodate your disability, supplement your loss of income.

This cover is taken to pay friends and family for looking after me while I am disabled.

This cover is taken out to prevent me from paying medical bills through my medical aid. The medical bills will be paid by my insurer using my disability cover.

Your score is

LinkedIn Facebook

Please rate this quiz

By Wordpress Quiz plugin

1 votes, 3 avg

Are you truly South African? Let’s see how well you know your SA slang!

Known as South Africanism....we have many official languages and yes we sommer combine them to keep things interesting...

1 / 10

"Jislaaik" (yis-like)

Usually mumbles below one's breath

Expresses surprise or wonder

No reaction from someone close to you

2 / 10

Sho’t Left?

Stopping abruptly and waving to say sorry cause you know the looks you’ll get

Taking a left turn and making a U turn in the middle of oncoming traffic

When I want the taxi driver to stop here and now so I can jump out

Trying to explain where the next petrol station is in the next town

3 / 10

"Aikona"

How much will you pay me

Yes maybe. I will think about it

No way, absolutely not

4 / 10

"Babalas" derived from the Zulu word ibhabhalazi.

I drank too much, I have a hangover from hell

Self inflicted pain

I woke up early, ready to start my day

5 / 10

"Haw wena"

Hello where are we now

Lets go now

Hey you

6 / 10

"Aweh"

Hey, how are you. Greetings

Stay away you too much of work

Don’t call me, I will call you

7 / 10

"Sif"

You farted again

Abbreviation for important government institution

Something isn't cool

8 / 10

"Hyayibo"

A greeting with fondness

No ways, I am shocked

Are you high?

9 / 10

"Lank"

There is no time, we have to act now

I have "a lot" of sweets or I am "very" tired

There is a shortage of everything

10 / 10

"Gatvol"

There is space for one more

Yes sure lets dig a hole

I am fed up and I have had enough

Your score is

LinkedIn Facebook

Please rate this quiz

By Wordpress Quiz plugin

Quick Poll

CLIENT EDUCATION

Do you think that insurance client education is important?

Yes4

No0

Maybe0

Client Education Survey?

Personal Insurance

All of your personal possessions that you care about and own...

Business Insurance

All of your business possessions, ranging from assets and vehicles to liability coverage...

Financial Planning

Provides financial support to beneficiaries in the event of you no longer being around...

Liability Insurance

All of your business possessions, ranging from assets and vehicles to liability coverage...

Lifestyle

Every aspect of your everyday life and the risks you might face....

OTHER SERVICES

Our firm specializes in providing comprehensive accounting and tax services designed to support both individuals and companies.We offer personalised solutions to ensure financial accuracy and efficiency, including bookkeeping, financial statement preparation, tax planning, and compliance. ...

COMPANY

RESOURCES

HELP CENTRE

Personal Insurance

All of your personal possessions that you care about and own...

Business Insurance

All of your business possessions, ranging from assets and vehicles to liability coverage...

Financial Planning

Provides financial support to beneficiaries in the event of you no longer being around...

Liability Insurance

All of your business possessions, ranging from assets and vehicles to liability coverage...

Lifestyle

Every aspect of your everyday life and the risks you might face....

OTHER SERVICES

Our firm specializes in providing comprehensive accounting and tax services designed to support both individuals and companies.We offer personalised solutions to ensure financial accuracy and efficiency, including bookkeeping, financial statement preparation, tax planning, and compliance. ...

COMPANY

RESOURCES

HELP CENTRE

QUIZ

Insurance 101 Quiz? Let’s do it.

Our Client Education Quizzes

Insurance 101

Insurance 201

Life Insurance 101

Fun

Please rate this quiz

Please rate this quiz

Please rate this quiz

Please rate this quiz

Quick Poll

Do you think that insurance client education is important?

Success | Thank you!

Success | Thank you!

Our firm specializes in providing comprehensive accounting and tax services designed to support both individuals and companies.
We offer personalised solutions to ensure financial accuracy and efficiency, including bookkeeping, financial statement preparation, tax planning, and compliance. ...

Our firm specializes in providing comprehensive accounting and tax services designed to support both individuals and companies.
We offer personalised solutions to ensure financial accuracy and efficiency, including bookkeeping, financial statement preparation, tax planning, and compliance. ...