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Money · Ages 10+ · Set B
Insurance: sharing a risk
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B
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Goal: 15 min
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Remember: Many people pay a little so the few who have a big surprise cost are helped.

Questions

1
Which one is not true about insurance and the Marsh Lane pot?
💸A premium is the money the pot pays out📅Unused coins can stay in the pot for next year🏺Many families pay a little into one pot
2
Which one is not true about insurance and the Marsh Lane pot?
🧰Real insurers keep extra coins for a very wet year🍞The pot pays for bread bought every week🌊A pool helps the few with a big surprise cost
3
Which one is not true about insurance and the Marsh Lane pot?
🙋Asking the pot to pay a bill is a claim🥇The pot pays only the family that paid in the most🌊A pool helps the few with a big surprise cost
4
Which one is true about insurance and the Marsh Lane pot?
💸A premium is the money the pot pays out🧰Real insurers keep extra coins for a very wet year🛑Insurance stops floods from happening
5
Which one is not true about insurance and the Marsh Lane pot?
🪙The small yearly payment is called a premium🌞A dry year means the premium was wasted🙋Asking the pot to pay a bill is a claim
6
Which one is true about insurance and the Marsh Lane pot?
🥇The pot pays only the family that paid in the most🏺Many families pay a little into one pot🌞A dry year means the premium was wasted
7
Which one is true about insurance and the Marsh Lane pot?
🌞A dry year means the premium was wasted⚖️Real prices are exactly the average bill🧰Real insurers keep extra coins for a very wet year
8
🔍True or false? A pool checks a flood is real before it pays.
TrueFalse
9
Which one is true about insurance and the Marsh Lane pot?
⚖️Real prices are exactly the average bill🔍A pool checks a flood is real before it pays🍞The pot pays for bread bought every week
10
Which one is not true about insurance and the Marsh Lane pot?
🧰Real insurers keep extra coins for a very wet year🏺Many families pay a little into one pot🌞A dry year means the premium was wasted
11
Which one is not true about insurance and the Marsh Lane pot?
🍞The pot pays for bread bought every week🏺Many families pay a little into one pot🔍A pool checks a flood is real before it pays
12
Which one is not true about insurance and the Marsh Lane pot?
🔍A pool checks a flood is real before it pays🛑Insurance stops floods from happening🏺Many families pay a little into one pot
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