Dollars and Sense Chapter 9 Part 2 – Flashcards
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Comprehensive coverage takes care of damage to your car that is not caused by a collision.
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True
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After high school, you should have the following types of insurance: auto, renter's, health and long-term care insurance.
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False
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Following the Five Foundations will help you to, one day, become self-insured.
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True
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Renter's insurance is not necessary if you don't have a lot of expensive things.
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False
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Prepaid burial policies are a good idea.
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False
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Duplicate coverage, or any extra insurance on top of your existing insurance, is not necessary.
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True
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Any insurance with cash value or that combines insurance with investments is a bad idea.
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True
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You should not buy identity theft protection that only provides credit report monitoring.
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True
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Good identity theft protection includes restoration services.
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True
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Disability insurance offered through your employer is usually the most expensive coverage option.
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False
