If you've ever been confused by your company's open enrollment period or wondered why your auto insurance rates suddenly went up (or down), now is your chance to find out just how well you understand the world of insurance. The National Association of Insurance Commissioners designed the following quiz to test Americans' familiarity with basic insurance facts. After testing yourself, read about the answers here. To educate yourself further, check out the Association's consumer website, Insure U.
How did you do? If you scored…
0 to 3 points: You have some work to do when it comes to understanding the world of insurance, but don't worry because you're not alone. When the National Association of Insurance Commissioners performed this survey, it found that most respondents were unable to correctly answer most questions.
4 to 7 points: You score a C+: You could stand to get to know a bit more about insurance, but you have a decent grasp on a complicated subject matter.
8 to 10 points: Congratulations, you have mastered the world of insurance. But do you have enough coverage for yourself and your family? Check out these articles for more information:
- How To Fight Health Insurance Denials
- The Challenge of Taking Out Life Insurance
- From Pet to Marriage Insurance: Good Deals?
- Taking the Anxiety Out of Life Insurance Planning