Exam 10: Protecting Your Property

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Your $10,000 stamp collection would be best protected under [your HO policy | a personal property floater].

To reduce auto insurance premiums as your car depreciates in value,you should consider self-insuring which of the following risks?

The named insured and her passengers would be covered under automobile medical payments insurance.

What factor affects insurance premiums the most?

If you have two insurance policies on the same property,the ____ clause explains how the two insurance companies will share the loss.

A personal liability umbrella policy typically includes coverage for auto related liability losses in excess of the limits purchased in a personal auto policy.

The best place to buy automobile insurance is

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Section I of a homeowner's insurance policy covers [personal property | personal liability].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The type of car you drive will have [no | a large] effect on the premiums you pay.

Maximum liability policy limits are determined by

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The professional designation you want your property insurance agent to have is the [ACLU | CPCU].

You would be considered to be negligent when you,a dependent,or another named insured's action causes harm or property loss.

Common types of property that are subject to internal limits on homeowner's policies include

Which of the following would be insured for actual cash value under a standard HO-2 policy?