Exam 10: Property and Liability Insurance

Reggie was hosting a BBQ when the deck fell off his house. Several of his friends were hurt in the accident. Luckily for Reggie he has ________ coverage on his home owner's insurance.

You were standing on the sidewalk waiting for a bus when a car lost control, jumped the curb, and hit you in the leg causing medical injuries. Which of the following provides reimbursement for your medical expenses?

Renter's insurance includes liability insurance.

For drivers who have liability coverage only, they are self insured for damages to their personal car.

Flood protection insurance is generally administered and subsidized by the federal government through the Department of Housing and Urban Development.

You want to keep your insurance costs down on your car. Prepare a list of things to ask your agent and to do in general.

You made a list of things to do when involved in an auto accident - but you lost it. You have just been in a wreck with another vehicle. What are five important things to do now?

Which of the following statements best describes the 80 percent rule?

Elvis drove expensive cars. Which of the following was not a determinant in his automobile insurance costs?

Heather was advised to take a defensive driving course as a means to reduce her annual auto insurance premium. Is this a true or a false suggestion?

Most professional financial planners recommend that you carry $1,000,000 of bodily injury liability coverage per person.

The ________ is the amount that you agree to pay before insurance coverage kicks in.

When you purchase a(n) ________, you are obtaining an extension to a homeowner's insurance policy that provides coverage for all personal property regardless of where it is located.

Rosemary was hit by another vehicle on the way home from work. She believes the other driver was under the influence of alcohol. Rosemary is not within her rights to demand that the other driver take an alcohol test.

Property insurance protects you from the financial risk associated with property losses.

Which of the following will most likely pay the least for automobile insurance, assuming they all drive identical cars?

With PAP coverage, if you're driving a car you don't own, your medical expenses won't be covered but those of other injured passengers or pedestrians will be.

Why is it a good idea for you to purchase uninsured and underinsured motorist coverage?

You want to make an informed choice in buying auto insurance. You have studied the major cost determinants. Write a report in first person telling how they will affect you.

With automobile insurance damage claims, Insurance companies will use the concept of "contributory negligence" to determine how much to pay in damages. What does this concept mean?