Unit 6 Review Game

If you have a $1000 deductible, and you make a claim for $10,000 damage on your car, how much will you have to pay?

• $1000

• $10,000

• $5,000

• $7,000

True or False. When you are making payments on a house (a mortgage) then you must carry homeowners insurance.

• True

• False

When you move to a new state or have a baby, you are able to change your health insurance. We call these things

• catastrophic life event

• qualifying life event

• life-changing event

• out of luck event

True or False. If you have dependents or a mortgage on your home you should consider life insurance.

• True

• False

True or False. The insurance company pays the deductible.

• True

• False

All of the following are choices you can make that will help lower your car insurance costs EXCEPT

• Being a part-time driver

• Having good grades in high school

• Buying a safer car

• Driving around with a car full of friends

Automobile insurance with the split limits 100/200/300 will cover up to how much in bodily injury per person?

• 400,000

• 300,000

• 200,000

• 100,000

True or False. Comprehensive Car inurance is needed to protect you car from damage during a storm (like hail or lightening strike).

• True

• False

True or False. You don't need to purchase renters insurance if renting an apartment or home because the owner of the dweling has insurance that protects your possessions.

• True

• False

What does the 7/70 method refer to with regards to life insruance?

• That you are purchasing coverage for 70 months

• That you are purchasing coverage for 70 years

• That you are purchasing life insurance that covers 70% of you income for 7 months

• That you are purchasing life insurance that covers 70% of your income for 7 years.