All of the following are programs to insure fundamental risks EXCEPT
A) federally subsidized flood insurance.
B) auto physical damage insurance.
C) Social Security.
D) unemployment insurance.

Question

Quizplus · Accepted Answer

Auto physical damage insurance is not a program to insure fundamental risks, as it only covers damage to the insured's vehicle and not personal injury or liability.

The other choices are programs designed to insure fundamental risks:

A) Federally subsidized flood insurance provides coverage for losses due to flooding, which is a fundamental risk for those living in flood-prone areas.

C) Social Security provides a safety net for individuals and families by insuring against the financial risks of disability, retirement, and survivorship.

D) Unemployment insurance provides temporary financial assistance to individuals who have lost their jobs due to circumstances beyond their control, such as layoffs or business closures.

All of the Following Are Programs to Insure Fundamental Risks