W!se Review - Insurance
Quiz
•
Business
•
9th - 12th Grade
•
Easy
Wayground Content
Used 6+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An insurance premium is paid by...
the policyholder.
the insurance company.
the government.
the beneficiary.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to have insurance?
It helps people save money on their taxes.
It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something happens to them or their property.
It allows individuals to invest in high-risk ventures without concern.
It guarantees that all medical expenses will be covered regardless of the situation.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Savings Account
Stocks
Real Estate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An insurance deductible is...
the amount you owe before insurance will cover the rest of the bill.
the total amount of your insurance premium for the year.
the maximum amount your insurance will pay for a claim.
the percentage of the claim you are responsible for after coverage.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should you purchase insurance?
To prevent financial burden in the case of an accident, theft, or another event.
To increase your savings and investments.
To avoid paying taxes on your income.
To ensure you can buy luxury items without worry.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buying a home security system is an example of protecting your home against________.
risk
opportunity
uncertainty
liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of not having health insurance?
You must pay all costs for health care and medical emergencies.
You receive free medical care from hospitals.
You can choose any doctor without restrictions.
Your medical expenses are covered by the government.
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