Insurance Sim Answers
Question:
Answer: $9,010
Question: Step 2 of 11
Click Reports>>Messages to bring up the message window. Click the Start button, and run the simulation forward until a message box appears.
What happened? How much did you lose?
Answer: You were robbed / All your purchased belongings
Question:
Answer: $3,357.72
Question:
Answer: The higher the deductible, the lower the premium.
Question: Step 5 of 11
Choose a Deductible of $500. Adjust the Amount of Coverage up and down.
How does this affect your yearly premium?
Answer: As the coverage increases, the premium goes up.
Question: Step 6 of 11
Select an Amount of Coverage of $4,000 to cover the cost of your recently purchased items. Select a Deductible of $250 and note your monthly premium amount.
Click Change Coverage to purchase the insurance policy.
What is your yearly premium?
Answer: $173
Question: Step 7 of 11
Now that your property is insured, run the simulation forward until you see a message box appear.
What happened?
Answer: You were robbed again
Question:
Answer: The $250 deductible was deducted from the payment
Question:
Answer: As the co-pay and deductible increase, the monthly premium decreases.
Question: Step 10 of 11
Select the Gold level plan and click Change Coverage to purchase health insurance.
Click the Start button run the simulation forward until a message box appears.
What happened on January 27th?
Answer: You suffered a torn ACL