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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

1 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

Why is my risk address so important when taking out home contents cover?

Where I keep my valuable stuff is not important as long as they know the rand value of all the contents in my house.

Your premium for your contents cover is calculated based on the risk address of where your contents is kept and therefore it is vitally important to provide the correct risk address.

In the case of a claim the insurer needs to come to your house so its good to let them have this upfront.

2 / 10

Why does my premium go up if the value of my car should be depreciating?

The food price is dependent on the increase and when food increases the insurance is affected and that increase its amount.

Because as with everything your insurance must also increase.

As with every year car parts go up with inflation and the cost to repair your vehicle becomes more expensive (like salary increases) that’s why your insurance premium increases.

3 / 10

Why would an insurer reject my claim?

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.

Driving under the influence of alcohol.

4 / 10

Is it necessary to have a tracking device?

Yes, if you don’t have one the insurer will not cover you if your car is stolen

It is dependent on the insurance company's specific requirements, value of your car, etc. Your insurance policy schedule will let you know if this is a requirement for your cover.

No, its just an extra expenses for no reason

5 / 10

What does full comprehensive vehicle insurance cover?

Third party and fire, life and accident.

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

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

6 / 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 30 days after the accident.

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.

7 / 10

What type of cover do I need to take out for vehicle for mechanical and electric breakdown?

Liability cover.

Comprehensive vehicle insurance cover includes this cover.

Vehicle warranty cover.

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

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.

9 / 10

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

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

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

To avoid paying an excess when you claim.

10 / 10

What is meant when I say, I use my vehicle for private use only?

Going to visit clients on a daily basis to sell your products or going for site visits.

Using my vehicle to visit family, to socialise, travel to and from work and for pleasure purposes.

Using my vehicle to visit friends and to deliver goods and services, because my job requires it.

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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.

1 / 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.

2 / 10

What is malicious damage?

Damaged caused by an animal.

Damage caused by someone wanting to steal my assets.

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

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

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.

4 / 10

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

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

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

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

5 / 10

What is an additional excess?

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.

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

6 / 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?

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

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

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

7 / 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.

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

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.

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.

8 / 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.

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

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

9 / 10

What is SASRIA cover?

Covers loss or damage caused by riots, wars , political acts, public disorder any attempted acts of this kind.

Cover for damage caused by a third party vehicle (someone knocks into me).

Covers you for legal expenses.

10 / 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.

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.

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

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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

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

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

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.

2 / 10

What is lump sum servere illness cover?

Servere illness cover protects you against corona virus, since the virus is deadly specific cover can be taken out for this disease.

Servere illness cover protects you from any illness which has left you severely ill and can possibly result in death. Example stroke, heart attack, cancer.

Servere illness cover protects you against illness such as - heart attack, strokes, cancers and loss of leg, arm or eyes.

3 / 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.

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

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.

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?

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.

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

5 / 10

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

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

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

6 / 10

What does it mean to have a whole of life benefit?

It means that the benefit will automatically change from a monthly income benefit to a lump sum benefit.

The cover will not end at retirement or at a specific date, you will have this cover right up until the time you die.

The cover is available to you up until your retirement age and after that date your benefits will fall away.

7 / 10

What is the general purpose of lump sum disability cover?

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.

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.

8 / 10

I have life cover of R500 000 and I have been diagnosed with stage 4 cancer and I have 3 months to live. Is there anyway I can get my life cover money paid to me before I die to settle my debt?

Yes some insurers may consider paying you out if you have less than 12 months to live. Once the payment is made, your life cover will end.

No, life cover only pays if you die.

No, life cover does not cover you for any servere illness and will therefore not pay.

9 / 10

Why is Life Cover important to have?

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 able to provide you with a nice funeral and can also pay for you to have a decent tombstone once you die.

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.

10 / 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?

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

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

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

Your score is

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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

"Droewors" (droo-ah-vors)

Spicy dried sausage, very similar to biltong

Hmmm someone has to pick that up

I am a vegetarian

3 / 10

You must "slaan" tonight

Get beaten up very severely

Hit dead brakes to avoid an accident

Refers to the word, wear something nice

4 / 10

Ag Man?

You have lots of muscles

It a phrase used when calling a baby

Usually means you very happy and in a good mood

You are working on my last nerve now and you better stop

5 / 10

"Tsotsi"

We will see

Gangster

Reliable in everything

6 / 10

"Aikona"

No way, absolutely not

How much will you pay me

Yes maybe. I will think about it

7 / 10

"Shongololo"

Millipede, mean to roll up in Zulu

Lo and behold, she arrived on time

The show was long in Xhoza

8 / 10

Jol?

A whole day of house chores

A gathering of some sorts where we remain silent

A serious night with the books to prepare for exams

A party, clubbing, enjoying and having a good time

9 / 10

Coming Now..now?

I will be there before you can say Jack in a Box

Its going to be a while, rather relax and be patient

I’m leaving shortly

I’m speeding to you as we speak

10 / 10

"Sick dude"

Please carry a brown paper bag in the car

You not looking so good

That is so cool dude

Your score is

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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

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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

Quick Poll

CLIENT EDUCATION

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. ...