Buying Insurance Answers

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1
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Which form of government insurance provides medical care to senior citizens?

A
Medicare
B
social security
C
unemployment insurance
D
workers’ compensation insurance
2
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Fred pays $170 monthly or $2,040 per year for car insurance. Fred’s insurance company will pay a maximum of $50,000 for bodily injury per accident and a maximum of $25,000 for property damage if Fred gets into an accident that he has caused.What is Fred’s total policy limit based on the scenario?

A
$170
B
$2,040
C
$25,000
D
$75,000
3

Which scenario best describes purchasing property insurance?

A
Mitchell buys insurance to protect his new stereo system from theft.
B
Carmen gets insurance to cover a car she recently inherited.
C
Lee buys insurance to protect her home in case of fire damage.
D
Jake gets insurance after his dog ruins a neighbor’s yard.

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