Insurance everfi module - Study guides, Class notes & Summaries

deductible A set amount that the holder of an insurance policy must pay for each loss before the insurance company pays out. liability insurance 2 types of liability occur from owning and operating a car, BODILY INJURY: driver or car owner is held legally responsible for INJURIES suffered by another person PROPERTY DAMAGE: driver or car owner is held legally responsible for damaging anothers property Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:0...

(6) Everfi Future Smart Module: Your Financial Future exam questions with solutions 401(k) a retirement account offered through an employer, where an employee can contribute money from his or her paycheck before or after taxes Car insurance a type of insurance that covers any damage you may cause to another person or their vehicle Coinsurance money that a person is required to pay for services, after a deductible has been paid Collision insurance a type of car insurance that covers v...

EVERFI Module 7 Insurance 2023 Questions and Answers (Verified Answers) EVERFI Module 7 Insurance 2023 Questions and Answers (Verified Answers)

QUESTIONS AND ANSWERS

Everfi Module 7 Insurance Questions and Answers (Verified Answers)

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.

Which of the following typically have the highest auto insurance premiums? Young, inexperienced drivers Why might you complete a 1040 instead of a 1040EZ? You own a home

Everfi Module 7- Insurance and Taxes Insurance Coverage by contract against future possible accidents Auto Insurance Protects you & other drivers on the road. Most states require this form of insurance Renters/Homeowners Insurance Can protect you from paying damages in case of fire, etc. Health Insurance Helps cover medical expenses like doctor visits, prescriptions, trips to the emergency room, or stays in the hospital Disability Insurance Helps cover lost income when illness/injury...

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

Which of the following typically have the highest auto insurance premiums? Young, inexperienced drivers Why might you complete a 1040 instead of a 1040EZ? You own a home. In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense? You have health insurance with a $500 deductible. Which is an example of a withholding you might see on your pay stub? Both A and B (Health Insurance and Retirement Savings) ...