Risks

A fraudulent scheme used to make money is a

• trick

• prank

• scam

Financial risks are usually less than $100, true or false

• true

• false

Kade has heard the company where he works is not making enough in profits and is facing rough times. What risk does he face?

• scam

• loss of job

• loss of insurance

• illness

True or false: A good financial plan includes an insurance plan.

• true

• false

All of the following are financial risks except for:

• identity theft

• natural disaster

• buying a warranty

• scam

What strategy should you use to help protect yourself from the risk of product failure?

• purchase a warranty

• file a claim

• obtain insurance

• get a deductible

With insurance, bodily injury limit is:

• amount you pay when you get in an accident

• least the insurance company will pay

• most the person insured will pay

• most the insurance company will pay

What is liability coverage?

• coverage for expenses associated with lawsuits

• insurance that covers other people's injury or loss for which you are responsible

• a type of health insurance

• the portion of health insurance that protects doctors from lawsuits

Why purchase travel insurance?

• to pay for car accidents in the rental car

• to cover the cost of travel expenses in case you are unable to travel

• to pay for any accidents that happen while you are on vacation

• to help you save for a vacation