Exam 10: Protecting Your Property

Tom visits George at his ranch.Although a novice on horseback,Tom decides to join George in a morning ride.George recommends that Tom ride an unbroken stallion named Satan.While mounting Satan,Tom is thrown headlong through the windshield of Tom's car.The damage to the car is $2,000 and Tom's own insurance pays him $1,500 ($500 deductible).Under what principle could Tom's insurance company sue George for his negligence?

(Multiple Choice)

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Question 61

Automobile medical payments insurance normally contains an indemnity clause.

(True/False)

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Question 62

Generally,actual cash value is defined as

(Multiple Choice)

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Question 63

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -During your lifetime,you are more likely to be sued for negligence as a result of owning a [car | home].

(Multiple Choice)

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Question 64

Nancy's house has been completely destroyed by fire.Prior to the accident,the house had a value of $100,000.Nancy had two separate policies totaling $60,000 each.She may collect $60,000 from each insurance company.

(True/False)

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Question 65

The federal government subsidizes the flood insurance program.

(True/False)

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Question 66

Replacement cost and actual cash value is the same thing.

(True/False)

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Question 67

A rental car could be a covered auto under a personal auto policy liability section.

(True/False)

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Question 68

A coinsurance clause will cause insurers to proportionately reduce claims payments unless you carry insurance up to a specific amount,such as 80 percent of the replacement value.

(True/False)

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Question 69

HO-4 and HO-6 are for renters and owners of condominiums,respectively.

(True/False)

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Question 70

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -[Most | Few] tenants carry renters insurance.

(Multiple Choice)

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Question 71

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -[Negligence | Indemnity] is the failure to act in a reasonable manner or take necessary steps to protect others from harm.

(Multiple Choice)

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Question 72

A homeowner's policy does not provide protection for the personal property of

(Multiple Choice)

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Question 73

Auto medical payments cover

(Multiple Choice)

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Question 74

Actual cash value provides coverage at the current market value of your property.

(True/False)

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Question 75

Negligence results when a person

(Multiple Choice)

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Question 76

Section I of the homeowner's insurance policy covers

(Multiple Choice)

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Question 77

A written inventory of personal property is required by insurance companies for property insured under the unscheduled general contents coverage.

(True/False)

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Question 78

Your car is damaged by fire while parked in your garage.Protection would be provided by

(Multiple Choice)

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Question 79

Factors that affect home insurance costs include:

(Multiple Choice)

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Question 80

Showing 61 - 80 of 194

Automobile medical payments insurance normally contains an indemnity clause.

Generally,actual cash value is defined as

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -During your lifetime,you are more likely to be sued for negligence as a result of owning a [car | home].

Nancy's house has been completely destroyed by fire.Prior to the accident,the house had a value of $100,000.Nancy had two separate policies totaling $60,000 each.She may collect $60,000 from each insurance company.

The federal government subsidizes the flood insurance program.

Replacement cost and actual cash value is the same thing.

A rental car could be a covered auto under a personal auto policy liability section.

A coinsurance clause will cause insurers to proportionately reduce claims payments unless you carry insurance up to a specific amount,such as 80 percent of the replacement value.

HO-4 and HO-6 are for renters and owners of condominiums,respectively.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -[Most | Few] tenants carry renters insurance.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -[Negligence | Indemnity] is the failure to act in a reasonable manner or take necessary steps to protect others from harm.

A homeowner's policy does not provide protection for the personal property of

Auto medical payments cover

Actual cash value provides coverage at the current market value of your property.

Negligence results when a person

Section I of the homeowner's insurance policy covers

A written inventory of personal property is required by insurance companies for property insured under the unscheduled general contents coverage.

Your car is damaged by fire while parked in your garage.Protection would be provided by

Factors that affect home insurance costs include:

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

Planning for Retirement

Preserving Your Estate

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