Question

1. which of the following insurance coverage options would be the lowest priority for a typical single person, with no children, 1-2 years out of high school?health insuranceauto insurance (if they have a car)life insurancerenters insurance (if they are renting an apartment) 1 point22. your health insurance plan has a $20 copay for certain covered prescription medications. you arrive at the pharmacist and pick up your prescription (which is covered under your plan) which has a list price of $75. how much would you pay the pharmacy?$0 since health insurance plans waive the cost of prescription drugs$20$55$75 1 point23. a standard renters insurance policy would cover each of the following except...a small tv and some sneakers, stolen in a robberya new window when a baseball breaks the original onea lawsuit brought when a visitor hits their head on a low hanging light fixturea week of hotel reservations when the tenant has to move out due to fire damage* 1 point

Explanation:

1. For a single person with no dependents, life insurance is not an immediate priority, as it primarily benefits beneficiaries after death. Health, auto (if applicable), and renter's (if applicable) insurance address immediate, current risks.
2. A copay is a fixed amount the insured pays for covered services/prescriptions, regardless of the list price. The $20 copay is the amount owed here.
3. Standard renter's insurance covers personal property, liability, and additional living expenses, but does not cover structural damage to the rental property (like a broken window, which is the landlord's responsibility).

Answer:

1. Life Insurance
2. $20
3. A new window when a baseball breaks the original one