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
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set B
Insurance: sharing a risk
1A premium is the money the pot pays out
2The pot pays for bread bought every week
3The pot pays only the family that paid in the most
4Real insurers keep extra coins for a very wet year
5A dry year means the premium was wasted
6Many families pay a little into one pot
7Real insurers keep extra coins for a very wet year
8True
9A pool checks a flood is real before it pays
10A dry year means the premium was wasted
11The pot pays for bread bought every week
12Insurance stops floods from happening
Mark each answer, count the right ones and write the score on the sheet.