Exam 10: Property and Liability Insurance

Renter's insurance includes liability insurance.

Describe the difference between actual cash value and replacement value.

Rosanne was in a car crash a few years ago that left her with hearing loss.She has decided to sue the owner of the other automobile for the medical costs of recovering her hearing.How many years,from the date of the crash,does she have to file a claim for the expenses?

Angela's home became overrun with termites.She had to stay in an apartment temporarily while her home was being fixed.The provision on her home owners policy that covers her expenses while she is not able to live in her home is known as: Coverage D: Loss of Use.

Barbara is over 55 so she qualifies for additional home owner's insurance discounts.

Supplemental coverage for homeowner's insurance is available through endorsements.Which one of the following is not a common form of additional coverage?

In the United States,the first type of homeowner's insurance was fire insurance,offered in 1935 by a small company in Charleston,South Carolina.