Personal Finance Final Exam S2 May 2024

What does renters insurance cover?

• The damage to the property

• Earthquakes

• Personal items the tenant owns

• If a burglar breaks in and he/she is injured as a result

It's tornado and storm season. The house you live in now needs roof repairs after the hail damage. Which insurance would be used?

• Home Liability

• Home Property

• Renter's Liability

• Renter's Property

A child's parent passes away suddenly. This insurance will help cover the loss of finances.

• Auto Liability

• Long Term Care

• Disability

• Life

A bill or money to purchase the policy

• Policy

• Policy holder

• Premium

• Risk

Chance of loss

• Policy

• Policy holder

• Premium

• Risk

If injured on the job, __ insurance will cover treatment and reimburse lost wages.

• Medicare
• co-payment
• deductible
• workmens' compensation

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

___ is a federal program for individuals over the age of 65, disabled for at least 2 years or ESRD.

• Medicare
• Medicaid
• HMO
• PPO

___ is a federal program for individuals with low income, children who qualify, physically disabled or blind.

• HMO
• PPO
• Medicare
• Medicaid

A formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injury

• emergency savings
• coverage
• claim
• employee benefits

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Someone who receives money if an insured person dies

• claim
• beneficiary
• dependent
• employee benefits

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5