Exam 10: Property and Motor Vehicle Insurance

What are the factors that affect the cost of home insurance?

Kelly and Bob Walton recently purchased a new home and desire coverage for all causes of loss or damage except those specially excluded by the policy.They should obtain the ____________ form of homeowner's policy.

Nick Wilson owns a home in Edmond,Oklahoma and pays $665 per year in insurance on the home.The $665 fee is an example of a:

The purpose of financial responsibility laws is to:

Personal belongings that have a high value can be protected with a personal property floater.

Kyle Burroughs left his car parked on the street all night.When he came out in the morning all four of his tires had been slashed by vandals.What part of Kyle's automobile insurance would cover this damage?

Which one of the following insurance policy provisions requires the insured to pay for part of the loss if the property is not insured for the specified percentage of replacement value?

Home insurance rates are affected most directly by:

A parent may be held responsible for the actions of their child if those actions cause financial or physical harm to others.This is known as:

Which one of the following would not be considered personal property by a homeowner's insurance policy?

Which of the following is considered personal property for home insurance coverage?

Zachary Harris owns a home in Elk City.There was a bad thunderstorm and his gazebo was hit by lightening and burned to the ground.What part of his homeowner's insurance policy would cover this loss?

Larry Foster has bought a car with extra safety features,including front and side airbags and antilock brakes.How is Larry managing his risk?

The ____________ coverage of a home insurance policy would cover accidental damage to another person's property by a member of your family.

Which of the following is a list of personal belongings with purchase dates and cost information?

Possible losses due to negligence resulting in bodily injury or property damage to others are called ____________ risks.

Fewer than what percent of people who live in flood-prone areas have flood insurance?

William Bennett owns a home in Tampa,Florida.There was a fire in his home and he and his family had to move to a hotel until his home could be fixed.What part of his homeowner's insurance policy would cover the cost of the hotel?

Risk management is an organized strategy for protecting assets and people and is considered a _____.

Craig Brown owns a home in San Francisco,California.There is a major earthquake and his house is damaged by the earthquake.What type of insurance would he have to have to cover this loss?