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Dealing with Danger Sharing the Risk Auto Insurance Reducing Premiums Other Types Team One Team Two Team Three Team Four Team Five Team Six

Dealing with Danger Question for 5 Points What is the process of dealing with the chance of a potential personal or financial loss? Show Answer

Dealing with Danger Answer for 5 Points Risk management. Back to Board

Dealing with Danger Question for 10 Points What is the risk management strategy when the amount or likelihood of a potential financial loss is small so you are willing to take the chance of having to replace the item yourself? Show Answer

Dealing with Danger Answer for 10 Points Accept the risk. Back to Board

Dealing with Danger Question for 15 Points What is the risk management strategy when you choose to stay away from certain risks such as not flying in an airplane or choosing not to ride in a car? Show Answer

Dealing with Danger Answer for 15 Points Avoid the risk. Back to Board

Dealing with Danger Question for 20 Points What risk management strategy is used to manage big financial risks by taking out an insurance policy to cover a portion of the expense should a personal or financial disaster occur? Show Answer

Dealing with Danger Answer for 20 Points Share the risk. Back to Board

Dealing with Danger Question for 25 Points What risk management strategy involves taking steps to protect yourself, such as wearing a seat belt, not talking on the cell phone while driving or choosing a safer car to drive? Show Answer

Dealing with Danger Answer for 25 Points Reducing the risk. Back to Board

Sharing the Risk Question for 5 Points What is the term for the amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest? Show Answer

Sharing the Risk Answer for 5 Points A deductible. Back to Board

Sharing the Risk Question for 10 Points What is a way to guarantee your financial protection against various risks? Show Answer

Sharing the Risk Answer for 10 Points Purchase insurance. Back to Board

Sharing the Risk Question for 15 Points What is the term for the amount you pay for an insurance policy? Show Answer

Sharing the Risk Answer for 15 Points Premium. Back to Board

Sharing the Risk Question for 20 Points What is the written contract detailing how much you will pay for insurance coverage and what an insurance company will cover and pay in the event of a loss? Show Answer

Sharing the Risk Answer for 20 Points An insurance policy. Back to Board

Sharing the Risk Question for 25 Points What is the term for the maximum amount an insurance company will pay if you file a claim? Show Answer

Sharing the Risk Answer for 25 Points Coverage limit. Back to Board

Auto Insurance Question for 5 Points What is the coverage in an auto insurance policy that covers repairs for damage you cause to your car caused by an accident with another vehicle or an object such as a tree? Show Answer

Auto Insurance Answer for 5 Points Collision. Back to Board

Auto Insurance Question for 10 Points What is the coverage in an auto insurance policy that covers damage you cause to other people’s property and bodily injuries you cause to people outside of your car? Show Answer

Auto Insurance Answer for 10 Points General liability. Back to Board

Auto Insurance Question for 15 Points What is the coverage in an auto insurance policy that covers your lost wages and medical expenses if you are in an accident with someone who doesn't have auto insurance? Show Answer

Auto Insurance Answer for 15 Points Uninsured motorist. Back to Board

Auto Insurance Question for 20 Points What is the coverage in an auto insurance policy that covers immediate compensation for bodily injury expenses to you and your passengers regardless of who is at fault? Show Answer

Auto Insurance Answer for 20 Points Medical payments. Back to Board

Auto Insurance Question for 25 Points What is the coverage in an auto insurance policy that covers fire damage to your vehicle, break-ins, vandalism, or theft, as well as natural disasters such as an earthquake, hail, hurricane or flood? Show Answer

Auto Insurance Answer for 25 Points Comprehensive. Back to Board

Reducing Premiums Question for 5 Points Keeping your driving record clean can help reduce your insurance premiums. Give two (2) examples of keeping your driving record clean. Show Answer

Reducing Premiums Answer for 5 Points ( Answers will vary – Name 2) Be accident free Don’t get speeding tickets Don’t get other moving violations Back to Board

Reducing Premiums Question for 10 Points Shopping around for insurance may save money. Name the missing step in the Decision Making Process: 1.Identify the goal 2.Gather information 3.Examine alternatives 4.Analyze outcomes 5.??? 6.Evaluate results Show Answer

Reducing Premiums Answer for 10 Points 5. Make a decision Back to Board

Reducing Premiums Question for 15 Points What are three (3) discounts that can lower your insurance premium? Show Answer

Reducing Premiums Answer for 15 Points (Answers will vary – Name 3) Good grades Cover more than one car Buy more than one type of policy with the same company Have safety features like airbags or anti-theft systems Take a defensive driving course Back to Board

Reducing Premiums Question for 20 Points Describe how your zip code may impact your premium. Show Answer

Reducing Premiums Answer for 20 Points In some areas it is common practice to charge higher premiums for people who live in a zip code that historically has had more claims. Back to Board

Reducing Premiums Question for 25 Points Describe how the amount of your deductible impacts your premium AND what you should be cautious about. Show Answer

Reducing Premiums Answer for 25 Points The lower the deductible the higher your premium. Be cautious about having a deductible so high that you won’t be able to afford to repair your car if something happens. Back to Board

Other Types Question for 5 Points What type of insurance protects your possessions such as clothes, furniture, electronics, appliances, sports equipment and computers? Show Answer

Other Types Answer for 5 Points Property insurance. Back to Board

Other Types Question for 10 Points What type of insurance protects your earning power? (it will pay you an income when an illness or injury prevents you from working for weeks or even years.) Show Answer

Other Types Answer for 10 Points Disability insurance. Back to Board

Other Types Question for 15 Points What type of insurance protects you in case you are legally responsible for unintentionally injuring someone or damaging another’s property? Show Answer

Other Types Answer for 15 Points Liability insurance. Back to Board

Other Types Question for 20 Points What type of insurance pays medical bills when you or your family becomes sick or injured? Show Answer

Other Types Answer for 20 Points Health insurance. Back to Board

Other Types Question for 25 Points What type of insurance provides financial support for the people who depend on you in the event of your untimely death? Show Answer

Other Types Answer for 25 Points Life insurance. Back to Board

Show Question

“Big Points” Question Name two (2) types of insurance documentation you should keep with you in your purse or wallet. Show Answer

Big Points Answer for Big Points Auto insurance and health insurance identification cards. Back to Board

Big Board Facts © 2010 Jeff Ertzberger All rights reserved. All Clipart copyright GraphicsFactory.com – All Rights Reserved.GraphicsFactory.com Some images have been modified from original version. This presentation may not be sold, or redistributed in any form without written permission of the author. For even more template games and great resources, visit: uncw.edu/EdGames By using this game, you are agreeing to uncw.edu/EdGames’s terms of use.terms of use This presentation was adapted February 2014 by Lori Hendrickson, Extension Educator – Family Resources Management It is used by permission. End