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ESCAPE CAMP

Escape the Camp while reviewing for the 6.4 quiz in Personal Finance.

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What strategy for managing risk do Hilary's actions demonstrate?

risk reduction

risk avoidance

risk acceptance

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🎜 Right! 🎝

next!

having insurance on her jewelry

Which BEST describes sharing the risk in exchange for paying a policy premium?

storing jewlery in a vault at the bank

selling the jewelery

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next!

🎜 Right! 🎝

deductible

declaration page

policy limit

What is the amount the policyholder must pay before the insurance company pays?

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next!

🎜 Right! 🎝

policy limit

deductible

premium

The maximum amount an insurance company will pay is?

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premium

deductible

declaration page

A summary of the contents of the insurance policy contract is a?

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true

false

A premium is the cost of an insurance policy while a deductible is the amount the insured person pays when/if the insurance is needed.

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Bob is considering choices for his health insurance.

Medicare

plan through Bob's employer

Which of these is a private health insurance plan option?

Question

Medicaid

Ferdinand is looking for a new job.

COBRA

Medicare

Which is the BEST insurance option for Ferdinand while he is looking?

Question

CHIP

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1/5

Which is the BEST statement regarding insurance deductibles?

Drag!

Health insurnace deductibles are paid once each year.

All of these

Drag the light around to find the correct answer then click.

Deductibles are only paid when you use insurance.

Auto and Home Ins. deductibles are paid for each incident.

2/5

Which of these would use casualty/liability insurance? (it's your fault)

Your basement floods.

You lose control of your car and knock down a fence.

Your sound system was stolen from your car overnight.

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liabilty

Which type of car insurance will cover the damage to your vehicle?

comprehensive

Choose the correct answer to leave the forest clean.

collision

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