Insurance Concepts
Authored by Rebecca Bates
Mathematics
9th - 12th Grade
CCSS covered
Used 6+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good way to make money is to file an insurance claim.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why would you agree to pay money for insurance that you might never use?
To reduce the risk of losing money if something bad happens
You wouldn't, insurance is not necessary
To make money on your investment
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you don't like your car, you can cause an accident that destroys your car and get the insurance company to buy you a new one.
False
This is insurance fraud.
True, that is what insurance is for
Tags
CCSS.RL.11-12.6
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I am buying insurance, and they ask me questions about my life and I lie, what can go wrong?
Nothing, how will they ever know.
They could take my money for the insurance but refuse to pay out a claim if they find out I lied.
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you paid for insurance and never ended up using it, you wasted your money.
No, you paid for the peace of mind of knowing that if something big happened, you would be covered.
Yes, you could have spent that money on something fun.
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is possible to spend lots of money on insurance and never make a claim.
True
False
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the solution to a problem that is rare, but very costly when it does happen?
Insurance
Just pay for it yourself
Spend some money trying to find a way to reduce how often this happens
I need to make a big change in something
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