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Everfi Lesson 7 Insurance Flashcards | StudBud
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Everfi Lesson 7 Insurance
Everfi Lesson 7 Insurance
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Questions
10
Answers
1
What is a risk management strategy you could use to protect your home?
Purchasing reflective clothing to wear while biking at night
A and B (red and blue)
Installing front porch cameras to monitor your home
Buying a home security system
2
Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called... a
uninsured motorist insurance.
comprehensive insurance.
liability insurance.
collision insurance.
3
The policyholder must pay a ________________, which is the amount you owe before insurance will pay
contract fee
commission
deductible
premium
4
protects people from losing a lot of money in the event something happens to them or their property
warranty.
liability.
Insurance.
risk management.
5
Wearing a seat belt, not texting when driving, and driving carefully are all examples of...
deductibles.
warranties.
risk management strategies.
insurance policies.
6
An insurance premium is...
the amount of money you pay for an insurance claim
the amount of money you pay for an insurance policy.
an extra fee for a claim out of network
a commission paid to the agency for the purchase of a policy.
7
What will collision insurance cover in the event of an accident?
Damage to your car
Damage to someone else’s property
Damage to someone else’s car
Bodily injuries
8
Why should you purchase insurance?
To get a warranty on a household item
To purchase monthly premiums
To avoid committing a crime
To prevent financial burden in the case of an accident, theft, etc
9
Buying a home security system is an example of protecting your home against________.
risk
deductibles
warranties
Insurance
10
If you get into a car accident, your_______________may increase because you will be considered riskier to cover.
Insurance premium
Deductible
Car payment
Limit
