Financial Literacy: Unexpected Events

What do you call the portion of the insurance claim for which you are responsible?

• Deductible

• Interest Payment

• 401K Contribution

• Matching Payment

What is insurance for?

• To cover losses that we can't pay for out of pocket.

• To pay for small repairs to our cars and houses.

• To cover old items that are not worth very much.

• To make money.

If you hit a pedestrian with your car what type of auto insurance is best?

• Liability

• Collision coverage

• Comprehensive coverage

• Personal injury coverage

Which is a list of reasons for higher auto insurance cost?

• 87 years old, inexpensive car, and good driving history

• 56 years old, expensive car, and good driving history.

• 20 years old, inexpensive car, and bad driving history.

• 19 years old, expensive car, and bad driving history.

What is the amount you have to pay before the insurance company pays anything called?

• Bob

• Firsthand payment

• Deductible

• Personal coverage payment

If someone breaks into your car and steals your stereo that was installed which type of auto insurance could help?

• Comprehensive coverage

• Motorists coverage

• Liability

• Health insurance

Godzilla comes to Antioch for some reason and crushes your car, what type of auto insurance is useful in this scenario?

• Liability

• Comprehensive coverage

• Collision coverage

• Personal injury protection

The three types of auto insurance are liability, collision, and comprehensive

• True

• False

This type of insurance covers damage or loss of your vehicle to due weather, animals, vandalism or theft.

• Liability

• Collision

• Comprehesive

• Personal Injury

This type of insurance covers damage to your vehicle due to collision.

• Liability

• Collision

• Comprehesive

• Personal Injury