Ch 9 Personal Finance

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1.
1 point
Disability insurance offered through your employer is usually the most expensive coverage option.
2.
1 point
Describes the type of coverage in an insurance agreement
3.
1 point
The purpose of insurance is to
4.
1 point
Duplicate coverage, or any extra insurance on top of your existing insurance, is necessary.
5.
1 point
The amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance
6.
1 point
Amount you must pay before you begin receiving any benefits from your insurance
7.
1 point
What is the first thing to do when affected by identity theft?
8.
1 point
Any insurance with cash value or that combines insurance with investments is a bad idea.
9.
1 point
If you have children or family members that you financially support, it is a good idea to purchase this insurance to help pay bills if you were to die
10.
1 point
Good identity theft protection includes restoration services.
11.
1 point
Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure
12.
1 point
Which of the following is NOT a recommended way to save on your health insurance premium?
13.
1 point
To reduce your insurance premiums, you can
14.
1 point
Which of the following is NOT a recommended way of lowering your car insurance premiums?
15.
1 point
You are involved in a two-car accident in which you are at fault. The other driver is injured and your insurance covers the medical expenses of the victim. This type of insurance coverage is called:
16.
1 point
Insurance is an essential financial planning tool because it
17.
1 point
If you have a good income and a family to support, you should purchase
18.
1 point
You should buy identity theft protection.
19.
1 point
Prepaid burial policies are a good idea.
20.
1 point
After high school, you should have the following types of insurance: auto, renterʹs and health insurance.
21.
1 point
Renterʹs insurance is not necessary if you donʹt have a lot of expensive things.
22.
1 point
To protect yourself against large hospital bills, it is a good idea to purchase
23.
1 point
To protect personal injury in a car accident, ____ insurance is purchased.
24.
1 point
Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergency fund of $500 or more?
25.
1 point
Specific amount of money that you pay when insurance only covers a portion of costs