Part 8 Review Questions

  1. Question

    Why do you think most U.S. states require drivers to have some amount of auto insurance for liability? Do you agree with this requirement? Why or why not?

  2. Question

    Why does your driving record affect your auto insurance rates?

  3. Question

    Imagine your best friend has enrolled in a photography program at a fine arts school. He was required to purchase nearly $3,000 worth of photography equipment for his courses and will be keeping it all in his new apartment. What kind of insurance would you suggest he get, if any, and why?

  4. Question

    Who should have renter’s insurance, and why is it a good idea?

  5. Question

    Why do you think mortgage lenders require homeowners to have a certain amount of homeowner’s insurance?

  6. Question

    Describe several precautions you or your family take to stay safe from identity theft.

Project

Research health insurance plans online, taking into account your specific situation and needs. Start by making a list of how you use health insurance (frequency of doctor visits, need for special dental or vision services, etc.) and decide what kind of insurance policy would fit your needs best. Is it one with a high deductible but low monthly premium? Or is it different? Once you have selected the right fit, list the details of the plan and explain why this plan was the best fit for you.