Question 1

A captive agent is a(n):

Accepted Answer

A) insurance agent who represents only one insurance company. 
B) federal insurance agent who can sell low-cost flood insurance coverage. 
C) independent agent who can insure homeowners and tenants together for flood insurance. 
D) insurance agent who insures only homes and vehicles. 
E) claims adjustor who assesses the probability of law violations during an investigation. 
A) insurance agent who represents only one insurance company. 
B) federal insurance agent who can sell low-cost flood insurance coverage. 
C) independent agent who can insure homeowners and tenants together for flood insurance. 
D) insurance agent who insures only homes and vehicles. 
E) claims adjustor who assesses the probability of law violations during an investigation.

Question 2

Never discuss liability at the scene of an accident, or with anyone other than the police and your insurer.

Accepted Answer

A) True 
 B)False

Question 3

Floods are covered under most homeowner's insurance policies.

Accepted Answer

A) True 
 B)False

Question 4

At the scene of an accident, the police are only responsible for assessing the:

Accepted Answer

A) amount of loss. 
B) amount of claim. 
C) liability of the insurance company. 
D) probability of a law violation. 
E) extent of any injuries. 
A) amount of loss. 
B) amount of claim. 
C) liability of the insurance company. 
D) probability of a law violation. 
E) extent of any injuries.

Question 5

An insured does not get the right to arbitration when the:

Accepted Answer

A) insurance company denies responsibility for the loss. 
B) loss is of a relatively small value. 
C) claim is assigned to a claims adjustor. 
D) insured leaves the scene of the accident. 
E) insured has made several claims from the insurance company. 
A) insurance company denies responsibility for the loss. 
B) loss is of a relatively small value. 
C) claim is assigned to a claims adjustor. 
D) insured leaves the scene of the accident. 
E) insured has made several claims from the insurance company.

Question 6

Donna, who is single and 30 years old, received several speeding tickets recently and was shocked by the effect they had on her auto insurance. Donna drives a 2017 Pontiac Firebird. She is currently not covered by health insurance, has an emergency fund of $25,000, an income of $100,000 per year, and an investment portfolio of $230,000. She is trying to reduce the price of her auto insurance. Which of the following actions is most likely to help Donna reduce the price of her auto insurance?

Accepted Answer

A) Maintaining her liability limits at current levels 
B) Raising her medical payments coverage 
C) Raising her deductible from $250 to $1,000 
D) Maintaining her collision coverage at current levels 
E) Raising her collision coverage by $10,000 
A) Maintaining her liability limits at current levels 
B) Raising her medical payments coverage 
C) Raising her deductible from $250 to $1,000 
D) Maintaining her collision coverage at current levels 
E) Raising her collision coverage by $10,000

Question 7

Replacement-cost coverage is the reimbursement of:

Accepted Answer

A) the cost of repairing or replacing damaged structures without deducting depreciation. 
B) reasonable living expenses while the insured's house is being repaired. 
C) the cost of damages caused by perils other than those mentioned in the policy. 
D) the cost of defending the insured. 
E) the increase in the deductible to reduce the amount of the insurance premium. 
A) the cost of repairing or replacing damaged structures without deducting depreciation. 
B) reasonable living expenses while the insured's house is being repaired. 
C) the cost of damages caused by perils other than those mentioned in the policy. 
D) the cost of defending the insured. 
E) the increase in the deductible to reduce the amount of the insurance premium.

A captive agent is a(n):

Never discuss liability at the scene of an accident, or with anyone other than the police and your insurer.

Floods are covered under most homeowner's insurance policies.

At the scene of an accident, the police are only responsible for assessing the:

An insured does not get the right to arbitration when the:

Replacement-cost coverage is the reimbursement of:

Understanding the Financial 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, Etfs, and Real Estate

Planning for Retirement

Preserving Your Estate

Filters

Exam 10: Protecting Your Property

A captive agent is a(n):

Never discuss liability at the scene of an accident, or with anyone other than the police and your insurer.

Floods are covered under most homeowner's insurance policies.

At the scene of an accident, the police are only responsible for assessing the:

An insured does not get the right to arbitration when the:

Replacement-cost coverage is the reimbursement of:

Understanding the Financial 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, Etfs, and Real Estate

Planning for Retirement

Preserving Your Estate

Filters