ECON: Insurance Pre-Test (Assessing Previous Knowledge)

49 states out of 50 legally require you to have car insurance.

• True

• False

The amount you pay for insurance depends on many factors, including where you live.

• True

• False

Imagine you're in a wild car chase or caught in a superhero battle, and oops! There's damage. Do you think your insurance will cover all the costs, no questions asked?

• Absolutely, they've got my back!

• No way, there's always a catch!

Guess what? If you're the proud owner of a house, Uncle Sam says you gotta have homeowners insurance. No ifs, ands, or buts!

• True

• False

Monthly insurance payments are called deductibles.

• True

• False

If your house or car is damaged, you must file a claim with your insurance company in order to be paid.

• True

• False

A DUI can raise your insurance rates significantly.

• True

• False

When you insure your car, the type of car you have will affect the price of your insurance.

• True

• False

You have to be at least 50 years old to apply for life insurance.

• True

• False