Exam 10: Property and Liability Insurance

Which of the following are among the most common driver distractions that lead to insurance claims?

Your apartment building burned down while you were on vacation.Fortunately,you have renter's insurance.What will your policy cover?

To be properly reimbursed for the loss of personal property in your home,you should take a written inventory of household contents and a video tape of these contents.You should have a written description and an oral description that includes which of the following?

Your home and property have a market value of $200,000.Since you want to make sure that you meet the coinsurance provisions,you should have at least ________ of insurance.

You were standing on the sidewalk waiting for a bus when a car lost control,jumped the curb,and hit you in the leg causing medical injuries.Which of the following provides reimbursement for your medical expenses?

Barbara is over 55 so she qualifies for additional home owner's insurance discounts.

Under standard PAP coverage,you're not covered when you are using a vehicle without the permission of its owner.

Most professional financial planners recommend that you carry $1,000,000 of bodily injury liability coverage per person.

To effectively collect on a loss when filing a homeowner's claim,the first step should be

What is it about liability coverage that makes it so important?

Which of the following is not a determinant of the cost of your automobile insurance rates?

Most professional financial planners recommend carrying at least $100,000 in bodily injury liability coverage per person,$300,000 in bodily injury liability coverage for all persons,and $100,000 in property damage liability coverage.

You had several of your son's friends over last night for a sleepover.While dropping off their child,one of the parents did not see your basketball hoop and smashed it beyond repair with her car.Where would you look for damage payment?

An auto policy defines coverage as $250,000/ $500,000/ $100,000.In this policy,how much would you be covered for bodily injury,maximum for each individual?

Toldae and Natasha were driving their friends home when they rear-ended another car.They are worried about paying for the medical bills and possibly getting sued.Who will be covered under their Part B: Medical expense coverage?

John Meadow rents an apartment and wants tenant's insurance or an ________ policy.

Your home is hit by a strong wind storm that causes serious damage to one end of it.The rest of your home is livable.What do you do?

Your insurance credit score depends on,among other things,your payment history and the types of credit used.

You have liability only coverage on your car.It was damaged in the parking lot by a hit-and-run driver.What coverage do you have for your damages?

Insurers in California are required to offer ________ coverage to consumers due to the substantial risk factors in that state.