W!se Review - Insurance

W!se Review - Insurance

9th - 12th Grade

20 Qs

quiz-placeholder

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W!se Review - Insurance

W!se Review - Insurance

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

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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