W!se Review - Insurance

Front

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

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risk management strategies.

Front

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

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Buying a new car

Front

An example of a risk management strategy is...

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Both 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

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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, Both A and B

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Both A and B

Front

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

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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________.

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risk

Front

Why is it important to have insurance?

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It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something happens to them or their property.

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...

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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?

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Insurance