Basics
The amount you pay each month to keep your insurance policy active.
What is a premium?
Type of auto insurance that pays for damage you cause to someone else’s car or property...
What is Liability Insurance?
What you call the most you will ever pay in a year for covered medical services.
What is Out-of-pocket maximum?
This type of insurance covers your belongings inside an apartment you rent.
What is renter's insurance?
How to quickly calculate 20% of something.
Move the decimal point one spot to the left than multiply by 2.
The amount you must pay out-of-pocket before insurance begins to cover costs?
What is a deductible?
Insurance that covers your car if you crash into something, even if you’re at fault.
What is Collision Coverage?
After you hit your deductible, this is who pays for your medical costs.
Who is the insurance company AND you?
The reason a renter would need renter’s insurance even if the landlord has insurance.
Why are personal belongings not included?!
By what date do you need to file your taxes?
What is April 15th?
Your deductible goes up, your premium....
Goes down.
Three factors that influence what you pay for auto insurance.
- Deductible, Driving record, Age/experience, Claims history, Credit score, Gender/marital status, Type/age of car, Mileage/usage
This is what you pay in total when your deductible is $1,500, coinsurance is 20%, and you get a $3,500 medical bill.
What is $1,500 + (20% * $2,000) = $1,900?
If you choose a plan with a lower monthly premium, you are likely to have a ____________________________ (lower, higher, similar) deductible and a ____________________________ (lower, higher, similar) coverage limit.
What is higher, lower?
Ronald Read is ...
The janitor/gas station attendant from Brattleboro who secretly amassed an 8 million dollar fortune.
Your premium is $120/month, your annual deductible is $1,000, your copay is 20% after the first $1,500. This is what you paid in premiums over the first 12 months.
What is $1,440?
Your premium is $110/month and your deductible is $500. If your total accident damage is $2,000, this is how much you pay before insurance pays the rest.
What is $500?
Your deductible is $1,500 and coinsurance is 20%. You get a $3,500 medical bill. This is what you pay after meeting your deductible.
What is $400?
True or False. College students should always get renters insurance.
False
This is the first step you should take when creating a budget.
What is Determine your net pay.
This percent of teens make decisions based on emotions rather than reasoning. (come within 8%)
What is 70%?
Your monthly premium is $90 (paid Jan 1 through May 1). Your deductible is $500 and you owe 15% coinsurance on the next $1,200 of accident costs. If you have a $2,000 accident on May 14, how much have you paid in total (premiums + accident costs) by the end of May for the year 2025?
Premiums 5*$90 = $450
Deductible = $500
Copay 15%*$1,200 = $180
$450 + $500 + $180 = $1,130
This percent of teens say they will be rich someday (come within 8%)
What is 60%?
The median number of texts a teen sends per day. (come within 18)
What is 60?
I a looking to buy dried mango. Which is the better buy?
A 12 oz bag for $8.98
A pack of 4 - 6oz bags for $18.56
A pack of 4 - 10 oz bags for $30.92?
What is A 12 oz bag for $8.98.