Chapter 9 Test

Circle the letter next to the correct answer.
1. Insurance helps you transfer the (a)   from your bank account to the insurance company.

• Risk

• Money

• Insurance

• Health

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 (a)   .

• Pass away

• Turn 18

• Get injured

• Move out of the house

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 (a)   .

• 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, (a)   coverage will cover those additional living expenses.

• Renters insurance

• Loss of use

• Personal property coverage

• Dwelling insurance

Through the Affordable Care Act, you can stay on your parents' health insurance until . . .

• You turn 26 years old

• You turn 18 years old

• You get married

• You move out of the house

The purpose of life insurance is to replace your (a)   when you die.

• Legacy

• Health care

• Income

• Life