Chapter 9: The Role of Insurance

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

• A. Risk
• B. Money
• C. Insurance
• D. Health

It's wise to have _______________ because even if you're a great driver, there are plenty of people who aren't.

• A. Health insurance
• B. An SUV
• C. Liability insurance
• D.A hefty savings account

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

• A. Liability coverage
• B. Homeowner's insurance
• C. Personal property coverage
• D. 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 _______________________ .

• A. Pass away
• B. Turn 18
• C. Get injured
• D. Move out of the house

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

• A. Short-term disability
• B. Necessary insurance
• C. Identity theft protection
• D. Long-term disability

In return for paying the insurance company a fee, they will . . .

• A. Pay for certain expenses or damages
• B. Give you a paycheck every month
• C. Manage your money for you
• D. 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 ___________________.

• A. Anything other than a collision
• B. Accidents that happen on the road
• C. A collision
• D. Personal injuries

If you're unable to live in your home while it's being repaired, __________________ coverage will cover those additional living expenses

• A. Renters insurance
• B. Loss of use
• C. Personal property coverage
• D. Dwelling insurance