A) the refusal by an insurance company to pay for a loss. B) the cause of risk. C) the cause of a possible loss. D) an uncertainty as to loss. E) safety. A) the refusal by an insurance company to pay for a loss. B) the cause of risk. C) the cause of a possible loss. D) an uncertainty as to loss. E) safety.

Exam 10: Property and Motor Vehicle Insurance

Kelly and Bob Walton recently purchased a new home and desire coverage for all causes of loss or damage except those specially excluded by the policy.They should obtain the ________ form for a homeowner's policy.

(Multiple Choice)

5.0/5

(67)

Question 21

Your home insurance policy has a $1,000 deductible.If a windstorm causes $2,500 damage to your home,what amount of the claim would the insurance company pay?

(Multiple Choice)

4.9/5

(80)

Question 22

Medical payments coverage in a home insurance policy is designed to pay for legal action taken against a homeowner who may be legally responsible for injury or property damage of others.

(True/False)

4.9/5

(65)

Question 23

Henry Edwards was injured in an accident caused by another driver who did not have insurance.Henry's medical expenses would be covered by:

(Multiple Choice)

4.9/5

(69)

Question 24

Property owners face potential property losses due to two risks,physical damage and:

(Multiple Choice)

4.9/5

(75)

Question 25

Risk management is an organized strategy for protecting assets and people and is considered a ________.

(Multiple Choice)

4.9/5

(75)

Question 26

The uncertainties of direct and indirect losses to personal or real property due to fire,windstorms,accidents,theft,and other hazards are called ________ risks.

(Multiple Choice)

4.9/5

(80)

Question 27

Which of the following is a list of personal belongings with purchase dates and cost information?

(Multiple Choice)

4.8/5

(78)

Question 28

Georgia Owen was in an accident in which her car was totaled.What part of Georgia's automobile insurance would cover the damage to her car?

(Multiple Choice)

5.0/5

(75)

Question 29

George and Dr.Martha Cooper rent a condominium in an area known for litigious residents and high cost judgments.George has an extensive stamp collection and Martha has expensive photographic equipment.What kind of insurance would you recommend for a couple in their living situation?

(Essay)

4.8/5

(83)

Question 30

A parent may be held responsible for the actions of their child if those actions cause financial or physical harm to others.This is known as:

(Multiple Choice)

4.8/5

(80)

Question 31

Peril is defined as:

(Multiple Choice)

4.9/5

(77)

Question 32

Jane Smith accidentally hit a utility pole.The cost to repair her car was $2,950,and she has a $500 collision deductible.How much will the insurance company be required to pay for the car repair?

(Multiple Choice)

4.9/5

(78)

Question 33

Which one of the following coverages would pay for healthcare for friends who were injured in your automobile?

(Multiple Choice)

4.9/5

(91)

Question 34

The ________ coverage of a home insurance policy would cover accidental damage to another person's property by a member of your family.

(Multiple Choice)

4.9/5

(80)

Question 35

Negligence refers to:

(Multiple Choice)

4.8/5

(73)

Question 36

Which of the following is not covered by personal property coverage?

(Multiple Choice)

4.9/5

(77)

Question 37

Uninsurable risks are considered ________ risk.

(Multiple Choice)

4.8/5

(84)

Question 38

Robert Plant pays a premium each month to State Farm Insurance for automobile insurance on his 2014 Dodge Ram pick-up truck.How is Robert managing his risk?

(Multiple Choice)

4.8/5

(92)

Question 39

Which one of the following is not covered by renter's insurance?

(Multiple Choice)

4.9/5

(72)

Question 40

Showing 21 - 40 of 127

Kelly and Bob Walton recently purchased a new home and desire coverage for all causes of loss or damage except those specially excluded by the policy.They should obtain the ________ form for a homeowner's policy.

Your home insurance policy has a $1,000 deductible.If a windstorm causes $2,500 damage to your home,what amount of the claim would the insurance company pay?

Medical payments coverage in a home insurance policy is designed to pay for legal action taken against a homeowner who may be legally responsible for injury or property damage of others.

Henry Edwards was injured in an accident caused by another driver who did not have insurance.Henry's medical expenses would be covered by:

Property owners face potential property losses due to two risks,physical damage and:

Risk management is an organized strategy for protecting assets and people and is considered a ________.

The uncertainties of direct and indirect losses to personal or real property due to fire,windstorms,accidents,theft,and other hazards are called ________ risks.

Which of the following is a list of personal belongings with purchase dates and cost information?

Georgia Owen was in an accident in which her car was totaled.What part of Georgia's automobile insurance would cover the damage to her car?

George and Dr.Martha Cooper rent a condominium in an area known for litigious residents and high cost judgments.George has an extensive stamp collection and Martha has expensive photographic equipment.What kind of insurance would you recommend for a couple in their living situation?

A parent may be held responsible for the actions of their child if those actions cause financial or physical harm to others.This is known as:

Peril is defined as:

Jane Smith accidentally hit a utility pole.The cost to repair her car was $2,950,and she has a $500 collision deductible.How much will the insurance company be required to pay for the car repair?

Which one of the following coverages would pay for healthcare for friends who were injured in your automobile?

The ________ coverage of a home insurance policy would cover accidental damage to another person's property by a member of your family.

Negligence refers to:

Which of the following is not covered by personal property coverage?

Uninsurable risks are considered ________ risk.

Robert Plant pays a premium each month to State Farm Insurance for automobile insurance on his 2014 Dodge Ram pick-up truck.How is Robert managing his risk?

Which one of the following is not covered by renter's insurance?

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: the Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Health,disability,and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

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