Question 1

A personal liability umbrella policy is more likely to be opted for by __________. ​

Accepted Answer

A) people who cannot afford a basic health policy 
B) people who cannot afford a basic homeowner's and automobile insurance 
C) people with high incomes and high net worth 
D) people with low incomes and low net worth 
A) people who cannot afford a basic health policy 
B) people who cannot afford a basic homeowner's and automobile insurance 
C) people with high incomes and high net worth 
D) people with low incomes and low net worth

Question 2

At the scene of an accident,the police are only responsible for assessing __________. ​

Accepted Answer

A) the amount of loss 
B) the amount of claim 
C) the liability of the insurance company 
D) the probability of a law violation 
A) the amount of loss 
B) the amount of claim 
C) the liability of the insurance company 
D) the probability of a law violation

Question 3

A captive agent is:

Accepted Answer

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

Question 4

Increasing the amount of the deductible is the only way to bring down the cost of homeowner's insurance.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is a basic,seldom-used homeowner's policy with very narrow coverage?

Accepted Answer

A) HO-1 
B) HO-2 
C) HO-3 
D) HO-4 
E) HO-6 
A) HO-1 
B) HO-2 
C) HO-3 
D) HO-4 
E) HO-6

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

The first step in buying property and liability insurance is to develop a(n)__________. ​

Accepted Answer

A) list of insurance agents offering insurance 
B) inventory of exposures to loss 
C) statement of premiums of five different insurance companies 
D) list of floater policies 
A) list of insurance agents offering insurance 
B) inventory of exposures to loss 
C) statement of premiums of five different insurance companies 
D) list of floater policies

Question 8

Homeowners are eligible for reimbursement on a full replacement-cost basis only if they keep their homes insured for at least __________ of the amount that it would cost to build them today. ​

Accepted Answer

A) 80 percent 
B) 20 percent 
C) 100 percent 
D) 50 percent 
A) 80 percent 
B) 20 percent 
C) 100 percent 
D) 50 percent

A personal liability umbrella policy is more likely to be opted for by __________.

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

A captive agent is:

Increasing the amount of the deductible is the only way to bring down the cost of homeowner's insurance.

Which of the following is a basic,seldom-used homeowner's policy with very narrow coverage?

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

The first step in buying property and liability insurance is to develop a(n)__________.

Homeowners are eligible for reimbursement on a full replacement-cost basis only if they keep their homes insured for at least __________ of the amount that it would cost to build them today.

Understanding the Financial Planning 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 personal liability umbrella policy is more likely to be opted for by __________. ​

At the scene of an accident,the police are only responsible for assessing __________. ​

A captive agent is:

Increasing the amount of the deductible is the only way to bring down the cost of homeowner's insurance.

Which of the following is a basic,seldom-used homeowner's policy with very narrow coverage?

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

The first step in buying property and liability insurance is to develop a(n)__________. ​

Homeowners are eligible for reimbursement on a full replacement-cost basis only if they keep their homes insured for at least __________ of the amount that it would cost to build them today. ​

Understanding the Financial Planning 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

A personal liability umbrella policy is more likely to be opted for by __________.

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

The first step in buying property and liability insurance is to develop a(n)__________.

Homeowners are eligible for reimbursement on a full replacement-cost basis only if they keep their homes insured for at least __________ of the amount that it would cost to build them today.