Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 InsuranceQuestion 1

1

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Insurance

Question 1 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Why did Maggie not have flood insurance? Check all that apply.

Answer

A

Storms in her region are highly unlikely.

B

She wanted to pay for repairs with her own money.

C

She felt she needed to save money.

D

She may have misunderstood her basic homeowners policy.

E

Her expenses were already high before paying for insurance.

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Why did Maggie not have flood insurance? Check…