Chapter 9 Quiz Review

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

• Risk

• Money

• Insurance

• Health

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

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

• Liability Coverage

• Homeowner’s insurance

• Personal Property Coverage

• Dwelling Insurance

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

• True

• False

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

• Pass away
• get a new job

• move away

• get a promotion

__________ will provide money to replace lost income for years—even up to retirement.

• Long-term disability
• short-term disability

• 401K

• Roth IRA

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

Renters insurance will cover you and your belongings if there is ever a fire, theft, or vandalism.

• True

• False

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 expenses.

• Renters insurance

• Loss of use

• Personal property coverage

• Dwelling insurance