Chapter 10: Insurance and Risk Management Quiz

Which of the following types of insurance provides income in case of a disability?

What is the main purpose of an insurance premium?

Which type of insurance would a young, single professional most likely prioritize?

Insurance operates on the principle of pooling risk among a community of people.

Misrepresentation to an insurer can lead to denied claims or policy cancellation.

Definizione

Definizione

Arrange these types of insurance from most essential to least essential for a young, single professional: Health Insurance, Life Insurance, Homeowner’s Insurance. (put the most essential at the top)

Rank these types of insurance from highest to lowest premium cost: Life Insurance, Auto Insurance, Disability Insurance. (put the highest premium at the top)

Why is it important to regularly review and update your insurance coverage?