understanding insurance financial literacy Quiz. Flashcards | StudBud
  • 5
    Which insurance protects your car against damage or theft?
    • Life insurance
    • Renters insurance
    • Auto insurance
    • Health insurance
  • 6
    What is the main purpose of insurance?
    • To protect you financially from unexpected losses
    • To Pay Taxes
    • To increase your income
    • To buy groceries
  • 7
    Which type of insurance helps cover medical expenses?
    • Heath insurance
    • Life insurance
    • Auto insurance
    • Homeowners Insurance
  • 8
    What is a claim in insurance terms?
    • The amount you pay monthly
    • The cost of your policy
    • A request for payment after a loss or damage
    • A type of deductible