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Subjects · Leaving Cert Home Economics

Leaving Cert Home Economics: Insurance and saving

How often Insurance and saving comes up on the Home Economics papers, every year it was asked, and questions to try.

HL Asked on 6 of the last 10 Higher Level papers, most recently in 2025. most years

OL Asked on 7 of the last 10 Ordinary Level papers, most recently in 2026. most years

Insurance and saving, Higher Level(8 marks)

Quick ones on Insurance and saving.

(a)Regular payment made to an insurance company for cover?
  1. The policy
  2. The premium
  3. The claim
(b)Insurance principle that requires you to disclose all material facts?
  1. Insurable interest
  2. Indemnity
  3. Utmost good faith
(c)Insurance principle stating you cannot make a profit from a claim?
  1. Indemnity
  2. Subrogation
  3. Utmost good faith
Show the answers

(a) The premium

(b) Utmost good faith

(c) Indemnity

Your turn: Higher Level questions on Insurance and saving.

Higher Level

Asked on 6 of the last 10 Higher Level papers, most recently in 2025. most years

Every paper, year by year

YearWhere it came up
2026Not asked
2025A10
2024Not asked
2023A13
2022A12
2021Not asked
2019Not asked
2018A11
2017A10
2016A10

Links open the State Examinations Commission’s paper for that year.

More Insurance and saving questions

Insurance and saving, 3 marks

What is an insurable interest?

  1. You have shown interest in buying a policy online
  2. You earn interest on the premium you pay each year
  3. You would suffer a financial loss if the item were lost
Show the answer

You would suffer a financial loss if the item were lost

You can only insure something whose loss would cost you money, such as your own home or car, not a stranger's.

Ordinary Level

Asked on 7 of the last 10 Ordinary Level papers, most recently in 2026. most years

Every paper, year by year

YearWhere it came up
2026C4
2025C4
2024A11, A13
2023Q4
2022Not asked
2021A10
2019A10, Q4
2018Not asked
2017Not asked
2016Q4

Links open the State Examinations Commission’s paper for that year.

More Insurance and saving questions

Insurance and saving, 2 marks

What does insurance do for a household?

  1. It makes accidents and losses less likely to happen
  2. It always gives back more money than was paid in
  3. It spreads the risk so a loss is paid for by the insurer
Show the answer

It spreads the risk so a loss is paid for by the insurer

Many people pay a premium into a fund, and the few who suffer a loss are paid from it. A claim is paid only for insured events.

Insurance and saving, 2 marks

Which type of insurance must a car driver have by law?

  1. Travel insurance
  2. Third party motor insurance
  3. House contents insurance
Show the answer

Third party motor insurance

Third party cover pays for injury or damage caused to other people. Driving without it is a criminal offence.

Insurance and saving, 2 marks

Which organisation is owned by its own saving members and lends locally?

  1. A credit union
  2. A supermarket
  3. An insurance broker
Show the answer

A credit union

Members of a credit union save together and can borrow from the pooled savings, with any surplus returned to members.

Other Home Economics topics

All of Leaving Cert Home Economics