Everfi Module 7- Insurance

School: Oberlin College - Course: INTF 101 - Subject: Accounting

EVERFI Insurance Module ●Answer the Questions ●Highlight the correct MC ●Change the????? to the correct answer This module begins with a short 5 question pre-assessment. Record your answers here: 1.Injury to yourself 2.A and C (wearing a seatbelt while driving; wearing a helmet when biking) 3.deductible 4.People with health insurance can skip lines in emergency rooms 5.A and B (So people can protect themselves from losing a lot of money in the event something happens to them or their property; So individuals can defend against the possibility of financial loss due to unpredictable event) What is your Risk Motto? After taking the quiz, what is your risk motto? Safety; "Don't ever take a fence down until you know why it was put up." - Robert Frost Do you agree with this assessment? Why or why not? I do agree with this assessment because I have always been very cautious and prepare for the worst case scenario. Reducing Your Risk What are some ways that people reduce risks in everyday life? 1.Helmets 2.Safety Equipment 3.Seat Belts 4.Security System A Call For Help Add up the expenses as you document the accident. Car body =$2,100Broken Wrist =$1,500Totaled Car =$16,000ER =$20,000 Total Without Insurance -$39,600 What is Insurance? Insurance companies offerpoliciesto protect you fromlife eventsthat can beexpensive. Determining Your Rate Your monthly payment to your insurance company is known as apremium.Generally, themore likelyyou are to have an accident, thehigheryour insurance premium. What are four key risk factors that determine your rate? 1.Driving Record ○The better your driving record, thelower your premium. 2.Age ○Younger and much older drivers usually pay alower premium. 3.Location ○People living in a city or busy suburbs will usually pay ahigher premium. 4.Vehicle ○Driving a car with seat belts, airbags and good crash test ratings may bringabout lower premiums than vehicles without these features.