Exam 10: Property and Liability Insurance

Heather was advised to take a defensive driving course as a means to reduce her annual auto insurance premium.Is this a true or a false suggestion?

One way to lower the premiums you pay on your insurance is to have a higher deductible.

Other than collision loss is also known as

It is possible to have a different deductible for collision loss than you have for comprehensive physical damages.

Antoine LaDuke suffered a major loss on his older home due to mud from a flood.Although he had homeowner's insurance,what was the probable reason he was not covered?

An HO-4 policy is a renter's insurance policy that protects the renter's personal property.

Provide an explanation of Section II: Personal Liability Coverage.

Lisa and Eric want to keep the cost down on the homeowner's insurance they will need.After talking to their parents they developed a list of ways to do so.Identify the one mistake on it.

With automobile insurance damage claims,Insurance companies will use the concept of "contributory negligence" to determine how much to pay in damages.What does this concept mean?

Give the three basic factors that determine the cost of your homeowner's insurance.List the possible ways of saving money on premiums.

Felix's $2,000 TV was stolen.He has no record of its purchase,however,he knows his insurance company will reimburse him the full value of the TV.

You should not alter or repair any physical damages to your property until after the claims adjuster has investigated the loss.

What is the main difference between replacement cost coverage and actual cash value coverage?

Francis was just learning to drive.She forgot to put the car into park and it rolled down the driveway and into the neighbor's automobile.What part of her automobile insurance policy will cover the damage to her neighbor's automobile?

Charlie drives his own vehicle as a taxi on weekends in his home town.With his PAP coverage,his automobile is covered since he is carrying passengers for a fee.

Combined single limit liability coverage allows for either separate coverage limits for bodily injury and property damage,split-coverage limits per person,or both.

In you are involved in an automobile accident and suspect the other driver may have been driving under the influence,you should request that the police perform sobriety tests on both of you.

On your automobile insurance policy,medical expense coverage doesn't have per person limits.

In 2014,at least 26 percent of all auto collisions involved cell phones.

Your assignment is to explain the basis for no-fault insurance.Do so in one brief,but thorough,paragraph.