Survey: Americans Insurance flunking

Survey: Americans Insurance flunking -

Most Americans Flunk when it comes to the basic understanding of insurance, according to a recent survey by the National Association of Commissioners insurance (NAIC). Despite this, about 56% of survey respondents felt "very confident" about making insurance decisions. In a quiz of 10 questions insurance, the average score was a dismal 40%
But wait -. Before you learn more about the survey results, why not take the insurance IQ Test yourself and see how you fare [1945002?] Have a basic knowledge of insurance can mean the difference between too expensive for the coverage and save money. Misconceptions can also mean that the buyer does not guarantee adequate coverage to protect against loss. For example, respondents only 4 out of 10 knew that auto insurance does not automatically cover a rental car and only 14% were aware of the amount of life insurance that is usually recommended.
In light of the test results, it is pleased to learn that 61% of respondents said they use an insurance agency when buying insurance outside of employment. And we were pleased to learn that 80% of respondents said they had a good relationship with their agent and 82% trust their agent to help them make good choices
Survey results: . Summary (PDF)

Tweet