Personal Finance - CH09

Insurance helps you transfer the _______________ from your bank account to the insurance company.

• Risk
• Money
• Insurance
• Health

It's wise to have _______________ because even if you're a great driver, there are plenty of people who aren't.

• Health insurance
• An SUV
• Liability insurance
• A hefty savings account

This type of home insurance covers the structure of your home.

• Liability coverage
• Homeowner's insurance
• Personal property coverage
• Dwelling insurance

If you're young and healthy, medical insurance is not as necessary.

• True
• False

Life insurance guarantees your loved ones get a certain amount of money when you _______________.

• Pass away
• Turn 18
• Get injured
• Move out of the house

_______________ will provide money to replace lost income for years—even up to retirement.

• Short-term disability
• Necessary insurance
• Identity theft protection
• Long-term disability

In return for paying the insurance company a fee, they will ...

• Pay for certain expenses or damages
• Give you a paycheck every month
• Manage your money for you
• Create your monthly budget

Renters insurance will cover you and your belongings if there is ever a fire, theft, or vandalism.

• True
• False

Comprehensive coverage pays for loss or damage to your car caused by _______________.

• Anything other than a collision
• Accidents that happen on the road
• A collision
• Personal injuries

If you're unable to live in your home while it's being repaired, _______________ coverage will cover those additional living expenses.

• Renters insurance
• Loss of use
• Personal property coverage
• Dwelling insurance