Question 1

Uninsured motorist protection usually provides protection to your car if a hit-and-run incident occurs.

Accepted Answer

A) True 
 B)False

Question 2

Homeowners' insurance premiums are determined by

Accepted Answer

A)  policy limits. 
B)  perils covered. 
C)  deductibles chosen. 
D)  all of these. 
E)  none of these. 
A)  policy limits. 
B)  perils covered. 
C)  deductibles chosen. 
D)  all of these. 
E)  none of these.

Question 3

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779
-The type of car you drive will have [no | a large] effect on the premiums you pay.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 4

Collision coverage would pay for damages to your car if a tree falls on it.

Accepted Answer

A) True 
 B)False

Question 5

All property insurance companies require you to show the following when making a claim:

Accepted Answer

A)  Proof of loss 
B)  Personal property inventory 
C)  Values at the time of inventory 
D)  All of the above. 
A)  Proof of loss 
B)  Personal property inventory 
C)  Values at the time of inventory 
D)  All of the above.

Question 6

Which of the following would be insured for actual cash value under a standard HO-2 policy?

Accepted Answer

A)  The house 
B)  Unscheduled personal property 
C)  Scheduled personal property 
D)  a and c 
E)  a, b, and c 
A)  The house 
B)  Unscheduled personal property 
C)  Scheduled personal property 
D)  a and c 
E)  a, b, and c

Question 7

Property inventories are important to identify insurance needs and to substantiate claims.

Accepted Answer

A) True 
 B)False

Question 8

Automobile medical payments insurance normally contains an indemnity clause.

Accepted Answer

A) True 
 B)False

Question 9

The best place to buy automobile insurance is

Accepted Answer

A)  insurance agent 
B)  auto dealer 
C)  finance company 
D)  state insurance commission 
E)  none of the above 
A)  insurance agent 
B)  auto dealer 
C)  finance company 
D)  state insurance commission 
E)  none of the above

Question 10

Internal limits are normally specified in the homeowners' insurance contract for some categories of personal property.

Accepted Answer

A) True 
 B)False

Question 11

A written inventory of personal property is required by insurance companies for property insured under the unscheduled general contents coverage.

Accepted Answer

A) True 
 B)False

Question 12

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779
-Most insurance companies [will | will not] offer good student discounts on car insurance premiums.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 13

For an extra premium,the HO-3 homeowners policy pays based on replacement cost for

Accepted Answer

A)  the house. 
B)  contents. 
C)  both the house and contents. 
D)  cars. 
E)  none of these. 
A)  the house. 
B)  contents. 
C)  both the house and contents. 
D)  cars. 
E)  none of these.

Question 14

The basic principles of property and liability insurance pertain to:

Accepted Answer

A)  types of exposure 
B)  the principles of indemnity 
C)  coinsurance 
D)  all of the above 
A)  types of exposure 
B)  the principles of indemnity 
C)  coinsurance 
D)  all of the above

Question 15

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779
-Sally drove Jessie's car to the mall and was involved in an accident that was her fault.The primary auto insurance that will cover this accident is [Sally's | Jessie's].

Accepted Answer

The answer of Choose the word or phrase in [...

Question 16

Examples of additional,optional automobile coverage includes

Accepted Answer

A)  towing. 
B)  hub cap coverage. 
C)  auto rental reimbursement. 
D)  repainting coverage. 
E)  a and c. 
A)  towing. 
B)  hub cap coverage. 
C)  auto rental reimbursement. 
D)  repainting coverage. 
E)  a and c.

Question 17

Uninsured motorist coverage covers passengers in your car from losses caused by your negligence.

Accepted Answer

A) True 
 B)False

Question 18

A rental car could be a covered auto under a personal auto policy liability section.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following best describes the personal articles floater?

Accepted Answer

A)  an endorsement providing coverage for items of expensive personal property not adequately covered under the standard homeowners policy. 
B)  an addition to the automobile policy intended to cover items of personal property that are often in or upon a covered automobile. 
C)  a specialized inland marine policy covering boats and trailers used with boats. 
D)  a liability policy that covers against liability caused by ownership or use of items of personal property. 
E)  none of the above. 
A)  an endorsement providing coverage for items of expensive personal property not adequately covered under the standard homeowners policy. 
B)  an addition to the automobile policy intended to cover items of personal property that are often in or upon a covered automobile. 
C)  a specialized inland marine policy covering boats and trailers used with boats. 
D)  a liability policy that covers against liability caused by ownership or use of items of personal property. 
E)  none of the above.

Question 20

The advisable dollar limit for any one auto accident is

Accepted Answer

A)  $50,000 
B)  $100,000 
C)  $200,000 
D)  $300,000 
E)  $500,000 
A)  $50,000 
B)  $100,000 
C)  $200,000 
D)  $300,000 
E)  $500,000

Uninsured motorist protection usually provides protection to your car if a hit-and-run incident occurs.

Homeowners' insurance premiums are determined by

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779 -The type of car you drive will have [no | a large] effect on the premiums you pay.

Collision coverage would pay for damages to your car if a tree falls on it.

All property insurance companies require you to show the following when making a claim:

Which of the following would be insured for actual cash value under a standard HO-2 policy?

Property inventories are important to identify insurance needs and to substantiate claims.

Automobile medical payments insurance normally contains an indemnity clause.

The best place to buy automobile insurance is

Internal limits are normally specified in the homeowners' insurance contract for some categories of personal property.

A written inventory of personal property is required by insurance companies for property insured under the unscheduled general contents coverage.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779 -Most insurance companies [will | will not] offer good student discounts on car insurance premiums.

For an extra premium,the HO-3 homeowners policy pays based on replacement cost for

The basic principles of property and liability insurance pertain to:

Examples of additional,optional automobile coverage includes

Uninsured motorist coverage covers passengers in your car from losses caused by your negligence.

A rental car could be a covered auto under a personal auto policy liability section.

Which of the following best describes the personal articles floater?

The advisable dollar limit for any one auto accident is

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

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Exam 10: Protecting Your Property

Uninsured motorist protection usually provides protection to your car if a hit-and-run incident occurs.

Homeowners' insurance premiums are determined by

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779 -The type of car you drive will have [no | a large] effect on the premiums you pay.

Collision coverage would pay for damages to your car if a tree falls on it.

All property insurance companies require you to show the following when making a claim:

Which of the following would be insured for actual cash value under a standard HO-2 policy?

Property inventories are important to identify insurance needs and to substantiate claims.

Automobile medical payments insurance normally contains an indemnity clause.

The best place to buy automobile insurance is

Internal limits are normally specified in the homeowners' insurance contract for some categories of personal property.

A written inventory of personal property is required by insurance companies for property insured under the unscheduled general contents coverage.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.1779:1779 -Most insurance companies [will | will not] offer good student discounts on car insurance premiums.

For an extra premium,the HO-3 homeowners policy pays based on replacement cost for

The basic principles of property and liability insurance pertain to:

Examples of additional,optional automobile coverage includes

Uninsured motorist coverage covers passengers in your car from losses caused by your negligence.

A rental car could be a covered auto under a personal auto policy liability section.

Which of the following best describes the personal articles floater?

The advisable dollar limit for any one auto accident is

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters