insurance everfi module 7
what is a risk management strategy you could use to protect your home?
a and b
why is it important to have insurance?
a and b
what can insurance protect you from?
a and c
which of the following is a reason someone should get health insurance?
health insurance protects you financially from medical emergencies
what does liability insurance not cover in the event of an accident?
injury to yourself
something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...
insurance
what do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something happens to them or their property
insurance
how can insurance protect you from financial loss?
insurance can cover you or your property in case of an accident, theft, or another unpredictable event
if you get into a car accident, your ______ may increase because you will be considered riskier for insurance companies to covee
insurance premium
choose the statement that is true about health insurance
you should always have health insurance, regardless of your circumstances
all of the following are true about health insurance except:
being young and healthy means you can skip out on health insurance
an example of a risk management strategy is...
both a and c
which is not an example of a risk management strategy?
buying a new car
insurance that covers damage to your car from an accident is called...
collision insurance
when filing an insurance claim, the policyholder must pay a _______, which is the amount you owe before insurance will cover the rest of the bill
deductible
liability insurance is...
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
collision insurance is...
insurance that will pay to get your car fixed in the event of an accident
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...
liability insurance
an insurance deductible is...
the amount you owe before insurance will cover the rest of the bill
how is having a security system for you home a risk management strategy?
the security system will alert authorities and deter criminals, protecting your valuables and property
why should you purchase insurance?
to prevent a financial burden in the case of an accident, theft, or another event
what is a consequence of not having health insurance?
you must pay all costs for health care and medical emergencies
when is it ok not to have health insurance?
you should always have health insurance
a deductible is paid by...
the policyholder
an insurance premium is...
the amount of money you pay for an insurance policy
what will collision insurance cover in the event of an accident
damage to your car
which of the following is not an advtange of having health insurance?
people with health insurance can skip lines in emergency rooms
buying a home security system is an example of protecting your home against _______
risk
wearing a seat belt, not texting when driving, and driving carefully are all examples of...
risk management strategies
