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History, Social Studies, Other
10th -
12thgrade
NORTH PLC EVERFI MODULE 7 "INSURANCE"
31 questions
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- 1. Multiple Choice
Wearing a seat belt, not texting when driving, and driving carefully are all examples of...
insurance policies.
warranties.
risk management strategies.
deductibles.
- 2. Multiple Choice
Which is not an example of a risk management strategy?
Wearing reflective clothing while biking at night
Buying a new car
Wearing a helmet while biking
Wearing a seat belt while driving
- 3. Multiple Choice
An example of a risk management strategy is...
wearing a seat belt while driving.
carpooling.
wearing a helmet when biking.
A and C
- 4. Multiple Choice
What should you NOT use a loan to purchase?
A house
Tuition for higher education
Airline tickets to your dream vacation
A car
- 5. Multiple Choice
What is a risk management strategy you could use to protect your home?
Buying a home security system
Installing front porch cameras to monitor your home
Purchasing reflective clothing to wear while biking at night
A and B
- 6. Multiple Choice
How is having a security system for your home a risk management strategy?
The security system will allow you to keep your doors unlocked.
The security system will alert authorities and deter criminals, protecting your valuables and property.
The security system will give you peace of mind.
The security system will let you know when visitors knock on your door.
- 7. Multiple Choice
Buying a home security system is an example of protecting your home against________.
deductibles
risk
warranties
Insurance
- 8. Multiple Choice
Why is it important to have insurance?
It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something happens to them or their property.
So individuals can defend against the possibility of financial loss due to unpredictable event
So people can engage in risky behavior without financial consequences
A and B
- 9. Multiple Choice
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...
risk management.
liability.
warranty.
insurance.
- 10. Multiple Choice
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?
Insurance
Deductibles
Warranty
Liability
- 11. Multiple Choice
What can insurance protect you from?
Theft
Contract fees
Financial loss
A and C
- 12. Multiple Choice
How can insurance protect you from financial loss?
Insurance can cover you or your property in case of an accident, theft, or another unpredictable event.
Insurance can offer easy monthly payment options for premiums.
Insurance can offer low co-insurance policies.
Insurance can offer warranties on household items
- 13. Multiple Choice
Why should you purchase insurance?
To prevent financial burden in the case of an accident, theft, or another event
To get a warranty on a household item
To purchase monthly premiums
To avoid committing a crime
- 14. Multiple Choice
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.
deductible
premium
contract fee
commission
- 15. Multiple Choice
An insurance deductible is...
the monthly premium on an insurance policy.
a commission paid to the agency for the purchase of a policy.
the amount you owe before insurance will cover the rest of the bill.
the contract fee applied to the monthly premium.
- 16. Multiple Choice
A deductible is paid by...
the insurance company.
the policyholder.
the claims adjuster.
the government.
- 17. Multiple Choice
An insurance premium is...
the amount of money you pay for an insurance policy.
the amount of money you pay for an insurance policy.
a commission paid to the agency for the purchase of a policy.
an extra fee you need to pay your insurance for filing a claim out of network.
- 18. Multiple Choice
An insurance premium is paid by...
the insurance company.
the claims adjuster.
the government.
the policyholder.
- 19. Multiple Choice
If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies to cover.
insurance premium
claims adjustment
car loan payment
taxes
- 20. Multiple Choice
Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is
called...
comprehensive insurance.
liability insurance.
collision insurance.
uninsured motorist insurance.
- 21. Multiple Choice
Liability insurance is...
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident.
insurance that will pay for damage to your car in the event of an accident.
insurance that will pay for damage done by someone who doesn’t have insurance.
Insurance that will cover injuries to yourself in the event of an accident.
- 22. Multiple Choice
What does liability insurance not cover in the event of an accident?
Damage to someone else’s car
Damage to someone else’s property
Injury to yourself
Injury to the other driver
- 23. Multiple Choice
Collision insurance is...
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident.
insurance that will pay for damage to your car by someone who doesn’t have insurance.
insurance that will cover injuries to yourself in the event of an accident.
insurance that will pay to get your car fixed in the event of an accident.
- 24. Multiple Choice
Insurance that covers damage to your car from an accident is called...
collision insurance.
liability insurance.
comprehensive insurance.
uninsured motorist insurance
- 25. Multiple Choice
What will collision insurance cover in the event of an accident?
Damage to someone else’s car
Damage to your car
Damage to someone else’s property
Bodily injuries
- 26. Multiple Choice
What is a consequence of not having health insurance?
You must pay all costs for health care and medical emergencies.
You’re not allowed to go to a hospital.
You will get a lower standard of care from doctors.
You can only see doctors in your home state.
- 27. Multiple Choice
Which of the following is not an advantage of having health insurance?
People with health insurance can skip lines in emergency rooms.
Health insurance protects you financially from medical emergencies.
Health insurance lowers your risk of acquiring medical debt.
Health insurance allows some medical procedures to be covered by a low cost co-pay.
- 28. Multiple Choice
Which of the following is a reason someone should get health insurance?
Health insurance allows all medical procedures to be covered for free.
People with health insurance can get faster access to medical care at emergency rooms.
Health insurance protects you financially from medical emergencies.
Most health insurance policies also covers non medical procedures.
- 29. Multiple Choice
When is it ok not to have health insurance?
If you are young and healthy.
You should always have health insurance.
If you do not have a full time job.
If you are a student under the age of 26.
- 30. Multiple Choice
All of the following are true about health insurance except:
Purchasing health care can help save you from medical bankruptcy.
Health insurance decreases your healthcare costs.
If you don’t have health insurance, you pay all costs for healthcare and medical emergencies.
Being young and healthy means you can skip out on health insurance.
- 31. Multiple Choice
Choose the statement that is true about health insurance.
You should always have health insurance, regardless of your circumstances.
You don’t need health insurance if you are under age 26.
You don’t need health insurance if you are young and healthy.
You do not need health insurance if you do not have a full time job.
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