Question 1

Getting married will lower your auto insurance premiums.

Accepted Answer

A) True 
 B)False

Question 2

INSTRUCTIONS: 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.
-A HO-3 policy will protect your property from losses due to [all | listed] perils.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 3

INSTRUCTIONS: 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.
-The personal property of your [boarder | visiting mother-in-law] would be covered by your HO policy.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 4

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

Accepted Answer

A)  family members at home. 
B)  family members while in college. 
C)  guests. 
D)  tenants. 
E)  family members traveling. 
A)  family members at home. 
B)  family members while in college. 
C)  guests. 
D)  tenants. 
E)  family members traveling.

Question 5

INSTRUCTIONS: 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.
-A State Farm insurance agents is designated as [captive | independent] agents.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 6

Maximum liability policy limits are determined by

Accepted Answer

A)  state law. 
B)  auto type. 
C)  the insured's choice. 
D)  court proceedings. 
E)  none of these. 
A)  state law. 
B)  auto type. 
C)  the insured's choice. 
D)  court proceedings. 
E)  none of these.

Question 7

Under a pure no-fault system insurance would not pay for medical expenses.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

As a tenant,you would purchase a HO-3 policy.

Accepted Answer

A) True 
 B)False

Question 11

The principle of indemnity would prevent:

Accepted Answer

A)  the act of one person from being imputed to another. 
B)  an insured from collecting more than he lost. 
C)  a negligent third party from being held liable for damages if the injured party was insured. 
D)  a significant amount of loss control activity. 
E)  an insurer from ever waiving it's right to subrogation. 
A)  the act of one person from being imputed to another. 
B)  an insured from collecting more than he lost. 
C)  a negligent third party from being held liable for damages if the injured party was insured. 
D)  a significant amount of loss control activity. 
E)  an insurer from ever waiving it's right to subrogation.

Question 12

INSTRUCTIONS: 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.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 13

INSTRUCTIONS: 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.
-You and the claims adjustor cannot agree on the value of your car.The first step you should take is to [seek arbitration | file a lawsuit].

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 14

Homeowner's property insurance does not provide protection on the

Accepted Answer

A)  owned dwelling unit. 
B)  garage. 
C)  accompanying structures. 
D)  landscaping. 
E)  vacant lot. 
A)  owned dwelling unit. 
B)  garage. 
C)  accompanying structures. 
D)  landscaping. 
E)  vacant lot.

Question 15

INSTRUCTIONS: 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.
-Buying collision and comprehensive auto insurance from the dealer selling you the car is considered to be a [good | bad] idea.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 16

Generally,actual cash value is defined as

Accepted Answer

A)  replacement cost. 
B)  original purchase price. 
C)  market value. 
D)  purchase cost minus depreciation. 
E)  replacement cost minus depreciation. 
A)  replacement cost. 
B)  original purchase price. 
C)  market value. 
D)  purchase cost minus depreciation. 
E)  replacement cost minus depreciation.

Question 17

While you were away on winter vacation,there was a severe snowstorm that caused your roof to cave in causing a $20,000 loss.Your H0-2 policy will cover this loss.

Accepted Answer

A) True 
 B)False

Question 18

Floods are specifically defined in homeowner's policies.

Accepted Answer

A) True 
 B)False

Question 19

You would be considered to be negligent when you,a dependent,or another named insured's action causes harm or property loss.

Accepted Answer

A) True 
 B)False

Question 20

A college student from Chicago would see his auto insurance premiums go up when he takes his car to a small community to attend school.

Accepted Answer

A) True 
 B)False

Getting married will lower your auto insurance premiums.

INSTRUCTIONS: 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. -A HO-3 policy will protect your property from losses due to [all | listed] perils.

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

INSTRUCTIONS: 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. -A State Farm insurance agents is designated as [captive | independent] agents.

Maximum liability policy limits are determined by

Under a pure no-fault system insurance would not pay for medical expenses.

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

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

As a tenant,you would purchase a HO-3 policy.

The principle of indemnity would prevent:

INSTRUCTIONS: 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.

Homeowner's property insurance does not provide protection on the

Generally,actual cash value is defined as

While you were away on winter vacation,there was a severe snowstorm that caused your roof to cave in causing a $20,000 loss.Your H0-2 policy will cover this loss.

Floods are specifically defined in homeowner's policies.

You would be considered to be negligent when you,a dependent,or another named insured's action causes harm or property loss.

A college student from Chicago would see his auto insurance premiums go up when he takes his car to a small community to attend school.

Understanding the Financial Planning Process

Your Financial Statements and Plans

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

Filters

Exam 10: Protecting Your Property

Getting married will lower your auto insurance premiums.

INSTRUCTIONS: 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. -A HO-3 policy will protect your property from losses due to [all | listed] perils.

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

INSTRUCTIONS: 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. -A State Farm insurance agents is designated as [captive | independent] agents.

Maximum liability policy limits are determined by

Under a pure no-fault system insurance would not pay for medical expenses.

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

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

As a tenant,you would purchase a HO-3 policy.

The principle of indemnity would prevent:

INSTRUCTIONS: 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.

Homeowner's property insurance does not provide protection on the

Generally,actual cash value is defined as

While you were away on winter vacation,there was a severe snowstorm that caused your roof to cave in causing a $20,000 loss.Your H0-2 policy will cover this loss.

Floods are specifically defined in homeowner's policies.

You would be considered to be negligent when you,a dependent,or another named insured's action causes harm or property loss.

A college student from Chicago would see his auto insurance premiums go up when he takes his car to a small community to attend school.

Understanding the Financial Planning Process

Your Financial Statements and Plans

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

Filters