EverFi Financial Literacy Lesson 7: Insurance

Front

Wearing a seat belt, not texting when driving, and driving carefully are all examples of...

Back

risk management strategies.

Front

Which is not an example of a risk management strategy? Wearing reflective clothing while biking at night, Wearing a helmet while biking, Wearing a seat belt while driving

Back

Buying a new car

Front

An example of a risk management strategy is...

Back

wearing a seat belt while driving and wearing a helmet when biking.

Front

What should you NOT use a loan to purchase? A house, Tuition for higher education, Airline tickets to your dream vacation, A car

Back

Airline tickets to your dream vacation

Front

What is a risk management strategy you could use to protect your home? Options: Buying a home security system, Installing front porch cameras to monitor your home, Purchasing reflective clothing to wear while biking at night, A and B

Back

Buying a home security system, Installing front porch cameras to monitor your home

Front

How is having a security system for your home a risk management strategy?

Back

The security system will alert authorities and deter criminals, protecting your valuables and property.

Front

Buying a home security system is an example of protecting your home against________.

Back

risk

Front

Why is it important to have insurance?

Back

To protect against financial loss from unpredictable events and to defend against the possibility of financial loss.

Front

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...

Back

insurance.

Front

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?

Back

Insurance