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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.

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Our Client Education Quizzes

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Click on each of the sections for different insurance categories.

Insurance 101

Insurance 201

Life Insurance 101

Fun

5 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

What are fixtures and fittings under building cover?

It’s the washing machine, dishwasher and tumble dryer that becomes attached to the house via connections.

It’s the light fittings and bathtub, the toilet and the basin and basically anything that is permanently attached to the house.

It is all the frames and mirrors that you attach to the walls of the home.

2 / 10

When can I use my car hire benefit on my policy?

When you meet up in an accident the insurer confirms your claim is valid and you do have car hire included on your insurance policy.

When you have an electrical or mechanical breakdown and your vehicle is in for repairs.

When you meet up in an accident and you take the vehicle to your friend to have it repaired.

3 / 10

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

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

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

Within 30 days after the accident.

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

4 / 10

What is the purpose of a broker?

A broker is a qualified expert in their field, they will assist with finding insurance covers that suit my needs. Help me understand the term & conditions of my policy. Assist with the life time maintenance of my policy and review my covers annually to make sure my covers meet my needs into the future.

A broker will only assist with policy maintenance.

A broker is only there to assist with getting me cheaper insurance

5 / 10

What is an excess amount when I have a vehicle claim?

The amount I must pay every time I make a claim.

The amount I am insured for should anything happen to my vehicle.

The amount the panel beater will contribute towards fixing up my car.

The amount the insurer must pay every time I make a claim.

6 / 10

My premium is calculated based on?

My income.

My level of education.

My risk profile and insurance history.

7 / 10

With vehicle insurance, why is it important to install a tracking device?

You pay a lower premium.

You automatically get cover for theft and hijacking and any additional excess for theft may waived.

The insurer will be able to monitor your driving.

8 / 10

Why is it important to make sure your monthly insurance premiums is paid every month?

To avoid paying an excess when you claim.

To have continuous insurance cover and to avoid your policy from lapsing.

The insurer will black list you if you don’t.

9 / 10

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

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

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

The person who drives the car the most.

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

10 / 10

What does full comprehensive vehicle insurance cover?

Third party and fire, life and accident.

Accident, fire, theft and hi-jack, malicious damage, act of nature and third party cover.

Third party and total loss or write off of my vehicle.

Your score is

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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 contents to the value of R50 000. 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?

R18 000 (100 000/250 000) x 50 000 minus 2 000

R48 000 (50 000 minus 2 000)

R198 000 (250 000 minus 50 000 minus 2 000)

R20 000 (100 000/250 000 x 50 000)

2 / 10

My home burns down and I have building cover for R2 000 000. After validating the claim, we realise that the cost to replace my home is actually R2 400 000.

I have an excess of R10 000. How much will the insurer pay me out?

R1 666 667 (2 000 000/2 400 000) x 2 000 000

R2 390 000 (2 400 000 minus 10 000)

R1 656 667 (2 000 000/2 400 000) x 2 000 000 minus 10 000

R1 990 000 (2 000 000 minus 10 000)

3 / 10

What is an additional excess?

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.

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.

4 / 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 make sure that my assets are not damaged.

To protect my life and assets from being damaged.

5 / 10

What happens if I had a burglary at my home 2 years ago and I didn’t tell my current insurer about it when I took out home contents cover?

The insurer may reject your claim in the future, as you have not disclosed important information, they may also cancel your insurance immediately because of this.

The insurer will give you a warning, but will pay out your claim and failure to disclose anything again will result in your policy being cancelled.

Nothing, it happened 2 years ago so the insurer can't really do anything about it now.

The insurer will reject your claim at claim stage as you are now considered a risky client and can no longer be covered for contents cover.

6 / 10

What is malicious damage?

Damage caused by someone wanting to steal my assets.

Damaged caused by an animal.

Damage caused by someone who intentionally wants to destroy my assets.

7 / 10

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

No, it does not make a difference in premium.

8 / 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.

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

R2 500 000 for building and R325 000 for contents.

9 / 10

Why does it matter if I have a license or not when taking out insurance, if I am the one who will be paying for the premium?

It is a requirement by law to have a valid driver's license in order to travel on the roads, insurers need to abide by the law, thus will not provide insurance cover to those that are un-licensed.

Insurance only covers people who have licenses for more than 2 years as anything less is just too much of a risk for them.

People who have no license and drives on the roads are high risk as they are reckless and therefore the insurer will not cover anyone who is reckless.

10 / 10

Gary goes to work on a Friday, he ends up staying after work with his colleagues and they have a few drinks. He leaves work at 11pm and heads home. As he is passing the robot, a guy who is highly intoxicated skips the red robots and knocks into Gary. Gary and the other driver are not injured however upon the police arriving they test them both for alcohol and both Gary and the other driver are arrested because of their alcohol levels. Will the insurer pay for the damages to fix Gary's car?

Yes, because the accident was not Gary's fault.

No, because you are not supposed to be driving and driving and Gary broke the law.

No, because the other driver is at fault and Gary needs to claim from his insurer.

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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

Why do insurers want to know if I am a smoker or not when taking out life cover?

Insurers only want to insure people who are healthy and look after themselves.

Whether you are a smoker or non-smoker it doesn’t make a difference to your cover or premium.

Non-smokers receive lower premiums in comparison to smokers, as smokers are considered a higher risk.

2 / 10

What is the minimum and maximum amounts of Life Cover you can have?

It depends on each insurer as they all have different minimum and maximum covers they will accept

I can take out any amount of cover I want as long as I pay my premium

Min R50 000 and there isn't a maximum

3 / 10

My comprehensive servere illness cover pays me out for stage 4 cancer. Seven months later, I suffer a servere heart attack. The two events are not related, will I be able to claim again?

No you cannot claim as you are only supposed to have one servere illness in your lifetime.

Yes, as long as the two illnesses are not related you will be able to claim again.

No you cannot claim as you can only claim once from your servere illness policy.

4 / 10

What would happen if I don’t disclose to the insurer upfront that I once had a heart attack when I was really young?

The insurer will cancel your policy and report you to the Ombudsman for your unethical behaviour.

Your claim will be rejected because the insurer should have put heart attack as an exclusion on your policy

This might result in your claim being rejected and your beneficiaries not receiving any pay-out when you die. Its best to always be honest about your medical history.

5 / 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.

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.

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

6 / 10

What will happen if I stop paying for my life cover premium?

Non payment of premiums will mean your policy lapses, all premiums already paid will be forfeited and cover will end immediately.

The lump sum amount which you were supposed to receive will decrease every month by the premium amount which you haven't paid.

When you die, your family will be paid out the amount of all the premiums that you have paid.

7 / 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 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.

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

8 / 10

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

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 can range from anything between R200 to R700.

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

9 / 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 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.

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

10 / 10

Why is Life Cover important to have?

You want to ensure that your family is able to provide you with a nice funeral and can also pay for you to have a decent tombstone once you die.

It ensure that your family is taken care of when I die and it will also assist to pay off any outstanding debts or tertiary/school fees and provide monies for my loved ones.

You want to ensure that your family is not left with all your debt and life cover is meant to pay off all your debts.

Your score is

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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

You "chop"

You idol

You ideal for me

You are an idiot

2 / 10

Slap chips?

• Potatoes fried in too much oil leaving you with indigestion afterwards

• It comes from the Afrikaans word and means limp, also means slap you in the face

• It is deep fried potato chips sold at take always and restaurants

• It tastes better if made without frying in lots of oil

3 / 10

Kief?

Yip I did that in the 1920’s

I’m okay just catching breath

You so last year

That’s so cool, awesome, you blow my mind

4 / 10

I was out there on my "ace" when someone on the beach shouted “Shark!”

We were a crowd

I was surrounded, my life fleshed before my eyes

Alone, solitary

5 / 10

This "Ballie / Toppie"

Older man

This cupboard is hard to reach

You balding at a young age

6 / 10

"Aikona"

How much will you pay me

No way, absolutely not

Yes maybe. I will think about it

7 / 10

The "Kerels" were hot

The kernels are ripe for the picking

Police men

Something to do with corn or popcorn

8 / 10

"Ou"

Nice person

Watch out for that one

His not really my cup of tea

9 / 10

"Is it" "Iz-It"(Is that so)

Leave me alone please, before I beat you up

Used when you don’t really feel like talking and don’t want to be rude but want to seem as if you’re listening.

I am listening to every word you say

10 / 10

Let's wai "pozie"

Name of a flower

Lets go home

Wave frantically so someone stops

Your score is

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Personal Insurance

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

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

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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

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Do you think that insurance client education is important?

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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. ...