Exam 10: Property and Liability Insurance

Antoine LaDuke suffered a major loss on his older home due to mud from a flood.Although he had homeowner's insurance,what was the probable reason he was not covered?

It is possible to have a different deductible for collision loss than you have for comprehensive physical damages.

Your home was damaged by a hail storm.This will require a police report in order for you to file a claim.

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

List seven general ways you can keep your automobile insurance rates down while ensuring complete coverage.

The purpose of a personal umbrella policy,as an addition to your homeowner's policy,is primarily to protect you from

Under standard PAP coverage,you're not covered when you are using a vehicle without the permission of its owner.

In your many travels,you have suddenly found yourself in an auto accident - the very first one where you are at fault.Both cars are blocking a bridge with heavy city traffic.What should you do?

List the most common automobile insurance discounts.

What is it about liability coverage that makes it so important?

John Murphy experienced a freak storm that damaged his roof and allowed water to leak into the house.The agent and adjuster said the peril was not covered under his HO-2 policy.John wishes he had taken out an ________ policy.

What factors are considered when insurance companies decide what rates to charge you for homeowner's insurance?

One healthy way to reduce your insurance premiums is to quit smoking.

Most professional financial planners recommend carrying at least $100,000 in bodily injury liability coverage per person,$300,000 in bodily injury liability coverage for all persons,and $100,000 in property damage liability coverage.

Your boyfriend is living in an apartment complex that has had a recent rash of robberies.He has $5,000 worth of rare coins.What should he do to protect himself in case of a robbery?

In the event of a loss you should do all of the following except

Your insurance credit score depends on,among other things,your payment history and the types of credit used.

Wilber Robinson found out that his homeowner's coverage comes in handy when a neighbor steps on a garden rake and it flips up and causes a concussion.Josh did just that and spent two weeks in the hospital running up a $23,000 bill.Josh was covered under

On your automobile insurance policy,medical expense coverage doesn't have per person limits.

Charlie drives his own vehicle as a taxi on weekends in his home town.With his PAP coverage,his automobile is covered since he is carrying passengers for a fee.