Exam 10: Property and Liability Insurance

A homeowner's personal inventory will help you maximize your insurance claims in case of loss.

What is the main difference between replacement cost coverage and actual cash value coverage?

The use of insurance credit scoring is more common with the sale of homeowner's insurance coverage than it is with automobile insurance coverage.

To be properly reimbursed for the loss of personal property in your home,you should take a written inventory of household contents and a video tape of these contents.You should have a written description and an oral description that includes which of the following?

Toldae and Natasha were driving their friends home when they rear-ended another car.They are worried about paying for the medical bills and possibly getting sued.Who will be covered under their Part B: Medical expense coverage?

Your assignment is to explain the basis for no-fault insurance.Do so in one brief,but thorough,paragraph.

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

You have the most popular house on the block for the neighborhood children to play at.You have a trampoline,tree fort and jungle gym.Your family also has two large German shepherd dogs.What should you consider given the described situation?

Valerie was very angry at her soon to be exhusband and when she found his expensive sports car at his girlfriend's home she rammed into it with her pickup truck.Will her insurance policy cover the damage to her vehicle?

What are the areas covered in Part A: Liability coverage in a personal automobile policy?

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

Two of the determinants of the cost of your automobile insurance are the use and type of your automobile.

Verci and Banok skidded on the ice and hit a telephone pole.Their car suffered severe damage to the front end.This expense will be covered under part D called

Outline the considerations for choosing the amount of homeowner's insurance you need.

Your written or video inventory of your assets should be kept in a safe place such as a lock box at your bank.

________ would provide coverage for you against injuries caused by a negligent driver whose insurance company is insolvent.

Eric and Lisa Lambert are purchasing a home for the first time.Their insurance company wants them to insure at least ________ of the home's full replacement cost.

In you are involved in an automobile accident and suspect the other driver may have been driving under the influence,you should request that the police perform sobriety tests on both of you.

Coverage A: Dwelling protects

Suppose that,during a party,one of your guests drove their car into the corner of your garage while turning around.Where would you look for damage payment to fix your garage?