Buying Insurance

Question 1

Which sentence best explains the mistake Maggie made?

Revolt · Accepted Answer

She failed to properly assess her risk of storm damage.

Question 2

What will most likely happen to Maggie? Check all that apply.

Revolt · Accepted Answer

She may have to pay thousands of dollars to repair and replace her possessions.; She may have to pay to live somewhere else while repairs are being made.; She may have to go into debt.

Question 3

What are the most likely options for Maggie in the future? Check all that apply.

Revolt · Accepted Answer

find out how much flood insurance costs; learn what would be covered by flood insurance; decide if the flood insurance costs will benefit her in the future

Question 4

What advantage does Dave’s family have in this scenario?

Revolt · Accepted Answer

Dave’s family is financially protected in case of a serious illness or accident.

Question 5

Why does Eli not have insurance? Check all that apply.

Revolt · Accepted Answer

His family could not pay the premiums.; His family did not qualify for a special rate.; His father’s financial situation recently had changed.

Question 6

Which conclusions can be drawn about Eli’s situation? Check all that apply.

Revolt · Accepted Answer

He may still be covered in some cases.; He faces more risk than insured people do.; He may have to take precautions, but many factors are beyond his control.; Not being able to afford insurance was a factor in him not being covered.

Question 7

What do the two scenarios have in common? Check all that apply.

Revolt · Accepted Answer

Both include a person who does not have adequate insurance and proper coverage.

Buying Insurance Answers

More from this Course

TRY EDGENUITY HACKS