Exam 10: Protecting Your Property

What factor affects insurance premiums the most?

Personal property floaters provide increased coverage for jewelry and other collectable items at an additional premium.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Uninsured motorist insurance is relatively [expensive | inexpensive].

The deductible on a standard homeowners' policy applies to

Collision coverage would pay for damages to your car if a tree falls on it.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Research shows that people with [lower | higher] credit scores tend to file more insurance claims.

Homeowners' insurance will cover which of the following?

An HO-1 policy lists more perils for which you are insured than does an HO-3 policy.

Liability insurance generally provides some coverage for legal fees.

The form of homeowner's insurance that is incorrectly paired with the insured is

Protection for personal property both at home and away from home is a provision of the homeowners' policy.

Connie rented a hotel room while on vacation.If someone breaks into her room,her HO-4 policy will cover her stolen property.

Your automobile liability insurance covers the damage caused to your automobile when you are at fault in an accident.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Decreasing the amount of deductibles will [increase | decrease] your insurance premiums.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Negligent acts must be [intentional | unintentional] in order to be insured.

The best place to buy automobile insurance is

A $100,000/$300,000 bodily injury liability automobile policy could pay up to $100,000 to one person or up to $300,000 to several people seeking damages.

The terms "perils" and "losses" refer to the same thing.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Section II of a homeowner's insurance policy covers [personal property | personal liability].

The most common definition of actual cash value is purchase price less depreciation.