Everfi Module 7: Insurance

Multiple Choice

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...

• risk management.

• liability.

• warranty.

• insurance.

Multiple Choice

Which is not an example of a risk management strategy?

• Wearing reflective clothing while biking at night

• Buying a new car

• Wearing a helmet while biking

• Wearing a seat belt while driving

Multiple Choice

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

• insurance policies.

• warranties.

• risk management strategies.

• deductibles.

Multiple Select

What is a risk management strategy you could use to protect your home?

• Installing front porch cameras to monitor your home

• Buying a home security system

• Purchasing reflective clothing to wear while biking at night

• Wearing a seatbelt

Multiple Choice

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

• The security system will allow you to keep your doors unlocked.

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

• The security system will give you peace of mind.

• The security system will let you know when visitors knock on your door.

Multiple Select

Why is it 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.

• So individuals can defend against the possibility of financial loss due to unpredictable event

• So people can engage in risky behavior without financial consequences

• So people don't have to worry about not following the rules of the road

Multiple Choice

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.

• Insurance can offer easy monthly payment options for premiums.

• Insurance can offer low co-insurance policies.

• Insurance can offer warranties on household items.

Multiple Choice

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

• premium

• contract fee

• commission

Multiple Choice

An insurance premium is...

• the amount of money you pay for an insurance policy.

• the amount of money you have to pay for services before insurance covers the rest.

• a commission paid to the agency for the purchase of a policy.

• an extra fee you need to pay your insurance for filing a claim out of network.

Multiple Choice

An insurance premium is paid by...

• the insurance company.

• the claims adjuster.

• the government.

• the policyholder.

Multiple Choice

If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies to cover.

• insurance premium

• claims adjustment

• car loan payment

• taxes

Multiple Choice

What does liability insurance NOT cover in the event of an accident?

• Damage to someone else’s car

• Damage to someone else’s property

• Injury to yourself

• Injury to the other driver

Multiple Choice

Insurance that covers damage to your car from an accident is called...

• collision insurance.

• liability insurance.

• comprehensive insurance.

• uninsured motorist insurance.

Multiple Choice

What is a consequence of not having health insurance?

• You must pay all costs for health care and medical emergencies.

• You’re not allowed to go to a hospital.

• You’re not allowed to go to a hospital.

• You can only see doctors in your home state.

Multiple Choice

Which of the following is NOT an advantage of having health insurance?

• People with health insurance can skip lines in emergency rooms.

• Health insurance protects you financially from medical emergencies.

• Health insurance lowers your risk of acquiring medical debt.

• Health insurance allows some medical procedures to be covered by a low cost co-pay.

Multiple Choice

Which of the following is a reason someone should get health insurance?

• Health insurance allows all medical procedures to be covered for free.

• People with health insurance can get faster access to medical care at emergency rooms.

• Health insurance protects you financially from medical emergencies.

• Most health insurance policies also covers non medical procedures.

Multiple Choice

When is it ok not to have health insurance?

• If you are young and healthy.

• You should always have health insurance, regardless of your circumstances.

• If you do not have a full time job.

• If you are a student under the age of 26.