Share Knowledge Check! v2
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___% of New Zealanders at least sometimes spend more than they earn
48%
_____% of Kiwis have no savings goal
42%
New Zealand is situated in the ______ on the edge of two tectonic plates. Its location makes it vulnerable to earthquakes, Tsunamis, floods, storms and volcanic eruptions
Pacific Ring of Fire
In 1931, these cities of were devastated by New Zealand's deadliest earthquake. At least 256 people died in the magnitude 7.8 'quake - 161 in _____, 93 in ____ and two in Wairoa. Many thousands required medical treatment.
Napier/Hastings earthquake (1931)
At 4.35 a.m. on 4 September 2010, the ______ region was struck by a large (magnitude 7.1) earthquake. It shook the residents, their properties, their land and their lives. But the region breathed a sigh of relief.
Canterbury/Darfield earthquake (2010)
Following heavy rain from the remnants of Cyclone Debbie, the stopbank protecting this city from the Tangitaiki River breached on the morning of 6 April 2017. What city is this?
Edgecumbe
_______ is a policy from a financial institution that offers a person, business or other entity reimbursement or financial protection against possible future losses or damages.
Insurance
_______ is the uncertainty about outcomes, some of which can be negative. Many businesses and families have concerns about the possible financial effect of an unforeseen event, such as fire, accident or theft.
Risk
This principle of insurance goes both ways. For the insured, they must provide complete, true information. As for the insurer (company), they must provide all necessary information regarding the policy.
Utmost Good Faith
The person requesting insurance must have an insurable/financial interest in what is being covered/insured
Insurable Interest
____ means security, protection and compensation given against damage,loss or injury. Insurance is not for making profit.
Indemnity
This term refers to the insurance company (IAG, AMI & State)
Insurer
This term refers to a person or organization covered by insurance.
Insured
This is a risk where the outcome of negative events can be measured in financial terms.
Financial Risk
This is any risk which cannot be measured or expressed in financial terms.
Non-Financial Risk
______Risk occur on a vast scale and tend to affect whole countries, region or communities.
Fundamental Risk
