EVERFI Module 7 Insurance (2024/25); Questions with Complete Solutions
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Course
EVERFI
Institution
EVERFI
EVERFI Module 7 Insurance (2024/25);
Questions with Complete Solutions
Wearing a seat belt, not texting when driving, and driving carefully are all
examples of… risk management strategies.
Which is not an example of a risk management strategy? Buying a
new car
What should you NOT use a lo...
EVERFI Module 7 Insurance (2024/25);
Questions with Complete Solutions
Wearing a seat belt, not texting when driving, and driving carefully are all
examples of… risk management strategies.
Which is not an example of a risk management strategy? Buying a
new car
What should you NOT use a loan to purchase? Airline tickets to your
dream vacation
How is having a security system for your home a risk management
strategy? The security system will alert authorities and deter criminals,
protecting your valuables and property.
Buying a home security system is an example of protecting your home
against________. risk
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…
insurance.
, EVERFI Module 7 Insurance (2024/25);
Questions with Complete Solutions
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
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.
Why should you purchase insurance? To prevent financial burden in the
case of an accident, theft, or another event
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
An insurance deductible is… the amount you owe before insurance
will cover the rest of the bill.
A deductible is paid by… the policyholder.
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