EVERFI Financial Literacy Insurance

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

• insurance policies

• warranties

• risk management strategies

• deductibles

Which is not an example of a risk management strategy?

• Wearing reflective clothing while biking 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...

• wearing a seat belt while driving

• carpooling

• wearing a helmet when biking

• A and C

What should you NOT use a loan to purchase?

• A house

• Tuition for higher education

• Airline tickets to your dream vacation

• A car

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

• Buying a home security system

• Installing front porch cameras to monitor your home

• Purchasing reflective clothing to wear while biking at night

• A and B

How is having a security system for your home a risk management strategy?

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

• deductibles

• risk

• warranties

• insurance

Why is it important to have insurance?

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

• risk management

• liability

• warranty

• insurance

What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something happens to them or their property?

• Insurance

• Deductibles

• Warranty

• Liability