Exam 10: Property and Liability Insurance

Alfred lost his 3-year-old camera.It cost him $200 three years ago and had a life expectancy of 6 years.Alfred has actual cash value insurance on this camera,which means his insurance company will issue him a check for ________ for his loss.A new camera costs $150.

(Multiple Choice)

4.8/5

(40)

Question 41

What is the number one natural disaster in the united States?

(Multiple Choice)

4.9/5

(41)

Question 42

Which of the following statements is true?

(Multiple Choice)

4.8/5

(38)

Question 43

Which of the following is a way for consumers to keep their automobile insurance rates down?

(Multiple Choice)

4.8/5

(38)

Question 44

Fire,theft,and windstorm damage are examples of

(Multiple Choice)

4.9/5

(29)

Question 45

No-fault insurance only pays for your losses if you were not at fault in the accident.

(True/False)

4.8/5

(41)

Question 46

Comprehensive physical damage coverage would cover damage if your car were hit in a parking lot.

(True/False)

4.7/5

(36)

Question 47

What factors are considered when insurance companies decide what rates to charge you for homeowner's insurance?

(Multiple Choice)

4.7/5

(38)

Question 48

In the event of a loss you should do all of the following except

(Multiple Choice)

4.9/5

(34)

Question 49

An HO-3 policy is a special form of homeowner's insurance policy that offers open perils protection except for those perils specifically excluded.

(True/False)

4.8/5

(41)

Question 50

Your home was damaged by a hail storm.This will require a police report in order for you to file a claim.

(True/False)

4.9/5

(38)

Question 51

Your backyard shed was damaged by a windstorm.Your coverage is based under Coverage D: Loss of Use.

(True/False)

4.9/5

(46)

Question 52

Supplemental coverage for homeowner's insurance is available through endorsements.Which one of the following is not a common form of additional coverage?

(Multiple Choice)

4.8/5

(43)

Question 53

When you purchase a(n)________,you are obtaining an extension to a homeowner's insurance policy that provides coverage for all personal property regardless of where it is located.

(Multiple Choice)

4.9/5

(39)

Question 54

Your best friend's apartment has just been robbed,and he had no insurance.What would you suggest to your friend to better protect himself from such losses in the future?

(Multiple Choice)

4.9/5

(31)

Question 55

Why is it a good idea for you to purchase uninsured and underinsured motorist coverage?

(Multiple Choice)

4.9/5

(45)

Question 56

In 2017,what percent of auto collisions involved cell phones?

(Multiple Choice)

4.9/5

(42)

Question 57

Uninsured motorist's protection coverage provides coverage for injuries caused by an uninsured motorist,a negligent driver whose insurance company is not solvent,or a hit-and-run driver.

(True/False)

4.8/5

(32)

Question 58

Since there were no witnesses to the robbery at your apartment,there is no reason to contact the police.

(True/False)

4.9/5

(32)

Question 59

The replacement value of the house less accumulated depreciation (which is the decline in value over time due to wear and tear)is known as

(Multiple Choice)

4.9/5

(43)

Question 60

Showing 41 - 60 of 161

Alfred lost his 3-year-old camera.It cost him $200 three years ago and had a life expectancy of 6 years.Alfred has actual cash value insurance on this camera,which means his insurance company will issue him a check for ________ for his loss.A new camera costs $150.

What is the number one natural disaster in the united States?

Which of the following statements is true?

Which of the following is a way for consumers to keep their automobile insurance rates down?

Fire,theft,and windstorm damage are examples of

No-fault insurance only pays for your losses if you were not at fault in the accident.

Comprehensive physical damage coverage would cover damage if your car were hit in a parking lot.

What factors are considered when insurance companies decide what rates to charge you for homeowner's insurance?

In the event of a loss you should do all of the following except

An HO-3 policy is a special form of homeowner's insurance policy that offers open perils protection except for those perils specifically excluded.

Your home was damaged by a hail storm.This will require a police report in order for you to file a claim.

Your backyard shed was damaged by a windstorm.Your coverage is based under Coverage D: Loss of Use.

Supplemental coverage for homeowner's insurance is available through endorsements.Which one of the following is not a common form of additional coverage?

When you purchase a(n)________,you are obtaining an extension to a homeowner's insurance policy that provides coverage for all personal property regardless of where it is located.

Your best friend's apartment has just been robbed,and he had no insurance.What would you suggest to your friend to better protect himself from such losses in the future?

Why is it a good idea for you to purchase uninsured and underinsured motorist coverage?

In 2017,what percent of auto collisions involved cell phones?

Uninsured motorist's protection coverage provides coverage for injuries caused by an uninsured motorist,a negligent driver whose insurance company is not solvent,or a hit-and-run driver.

Since there were no witnesses to the robbery at your apartment,there is no reason to contact the police.

The replacement value of the house less accumulated depreciation (which is the decline in value over time due to wear and tear)is known as

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