Everfi- Insurance

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

• Insurance policies

• Warranties

• Risk management strategies

• deductibles

Which of the following is NOT an examples of a risk management strategy?

• Wearing reflective clothing while bike riding at night

• Buying a new car

• Wearing a helmet while biking

• Wearing a seat belt while driving

An example of a risk management strategy is... (Choose 2)

• Wearing a seat belt while driving

• carpooling

• wearing a helmet when biking

What should you NOT use a loan to purchase?

• house

• tuition for higher education

• Airline tickets for your dream vacation

• car

What is a risk management strategy you could use to protect your home? (Choose 2)

• buying a home security system

• installing front porch cameras to monitor your home

• purchasing a reflective clothing to wear while biking at night

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

• deductbles

• risk

• warranties

• insurance

How is having a home security system 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.

Why is it important to have insurance? (Check 2)

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

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

• So people can engage in risky behavior without financial consequences

Something people buy to protect themselves from losing a lot of money in the event that something happens to them or their property is known as...

• risk management

• liability

• warranty

• insurance

What can insurance protect you from? (Choose 2)

• Theft

• Contract fees

• Financial loss