what is a risk management strategy you could use to protect your home?
answer
a and b
question
how is having a security system for you home a risk management strategy?
answer
the security system will alert authorities and deter criminals, protecting your valuables and property
question
an insurance premium is...
answer
the amount of money you pay for an insurance policy
question
when filing an insurance claim, the policyholder must pay a _______, which is the amount you owe before insurance will cover the rest of the bill
answer
deductible
question
what will collision insurance cover in the event of an accident
answer
damage to your car
question
liability insurance is...
answer
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
question
collision insurance is...
answer
insurance that will pay to get your car fixed in the event of an accident
question
what does liability insurance not cover in the event of an accident?
answer
injury to yourself
question
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
answer
insurance
question
why should you purchase insurance?
answer
to prevent a financial burden in the case of an accident, theft, or another event
question
why is it important to have insurance?
answer
a and b
question
what can insurance protect you from?
answer
a and c
question
which of the following is not an advtange of having health insurance?
answer
people with health insurance can skip lines in emergency rooms
question
when is it ok not to have health insurance?
answer
you should always have health insurance
question
what is a consequence of not having health insurance?
answer
you must pay all costs for health care and medical emergencies
question
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...
answer
insurance
question
all of the following are true about health insurance except:
answer
being young and healthy means you can skip out on health insurance
question
an insurance deductible is...
answer
the amount you owe before insurance will cover the rest of the bill
question
if you get into a car accident, your ______ may increase because you will be considered riskier for insurance companies to covee
answer
insurance premium
question
insurance that covers damage to your car from an accident is called...
answer
collision insurance
question
which is not an example of a risk management strategy?
answer
buying a new car
question
a deductible is paid by...
answer
the policyholder
question
how can insurance protect you from financial loss?
answer
insurance can cover you or your property in case of an accident, theft, or another unpredictable event
question
choose the statement that is true about health insurance
answer
you should always have health insurance, regardless of your circumstances
question
which of the following is a reason someone should get health insurance?
answer
health insurance protects you financially from medical emergencies
question
buying a home security system is an example of protecting your home against _______
answer
risk
question
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...
answer
liability insurance
question
wearing a seat belt, not texting when driving, and driving carefully are all examples of...
answer
risk management strategies
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