Everfi Insurance

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

• insurance policies.

• warranties.

• risk management strategies.

• deductibles.

What is a risk management strategy you could use to protect your home?

• Installing front porch cameras to monitor your home

• Buying a home security system

• Installing front porch cameras to monitor your home

• Both b and c

How is having a security system for your home 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?

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

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

• So people can engage in risky behavior without financial consequences

• A and B

How can insurance protect you from financial loss?

• Insurance can cover you or your property in case of an accident, theft, or another unpredictable event.

• Insurance can offer easy monthly payment options for premiums.

• Insurance can offer low co-insurance policies.

• Insurance can offer warranties on household items.

When filing an insurance claim, the policyholder must pay a ________________, which is the amount you owe before insurance will cover the rest of the bill.

• deductible

• premium

• contract fee

• commission

An insurance premium is...

• the amount of money you pay for an insurance policy.

• the amount of money you have to pay for services before insurance covers the rest.

• a commission paid to the agency for the purchase of a policy.

• an extra fee you need to pay your insurance for filing a claim out of network.

An insurance premium is paid by...

• the insurance company.

• the claims adjuster.

• the government.

• the policyholder.

If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies to cover.

• insurance premium

• claims adjustment

• car loan payment

• taxes

What does liability insurance NOT cover in the event of an accident?

• Damage to someone else’s car

• Damage to someone else’s property

• Injury to yourself

• Injury to the other driver