Personal Finance - Chapter 9

It's wise to have ______ because even if you're a great driver, there are plenty of people who aren't.

• Health Insurance

• An SUV

• Liability Insurance

• A hefty savings account

Insurance helps you transfer the ______ from your bank account to the insurance company.

• Risk

• Money

• Insurance

• Health

This type of home insurance covers the structure of your income.

• Liability Coverage

• Homeowner's insurance

• Personal property coverage

• Dwelling Insurance

Life insurance guarantees your loved ones get a certain amount of money when you ______.

• Pass Away

• Turn 18

• Get Injured

• Move out of the house

______ will provide money to replace lost income for years - even up to retirement.

• Short-term disability

• Necessary insurance

• Identity theft protection

• Long-term disability

If you're young and healthy, medical insurance is not as necessary.

• True

• False

In return for paying the insurance company a fee, they will...

• Pay for certain expenses or damages

• Give you a paycheck every month

• Manage your money for you

• Create your monthly budget

Comprehensive coverage pays for loss or damage to your car caused by ______.

• Anything other than a collision

• Accidents that happen on the road

• A collision

• Personal Injuries

If you're unable to live in your home while it's being repaired, ______ coverage will cover those additional living expense.

• Renters insurance

• Loss of use

• Personal property coverage

• Dwelling insurance

Through the Affordable Care Act, you can stay on your parent's health insurance until..

• You turn 26 years old

• You turn 18 years old

• You get married

• You move out of the house