Question 1

Which of the following would not be considered personal property under a typical homeowner's insurance policy?

Accepted Answer

A) Furniture 
B) Firearms 
C) House and other structures 
D) Jewelry 
E) A silverware set 
A) Furniture 
B) Firearms 
C) House and other structures 
D) Jewelry 
E) A silverware set

Question 2

Craig Brown owns a home in San Francisco,California.There is a major earthquake and his house is damaged by the earthquake.What type of insurance would he have to have to cover this loss?

Accepted Answer

A) House and other structures 
B) Additional living expenses 
C) Personal property 
D) Personal liability 
E) Specialized coverage 
A) House and other structures 
B) Additional living expenses 
C) Personal property 
D) Personal liability 
E) Specialized coverage

Question 3

The legal responsibility for the financial cost of another person's losses or injuries is referred to as:

Accepted Answer

A) theft. 
B) robbery. 
C) liability. 
D) assigned risk. 
E) collusion. 
A) theft. 
B) robbery. 
C) liability. 
D) assigned risk. 
E) collusion.

Question 4

Which statement is not true about no-fault insurance systems?

Accepted Answer

A) They are intended to reduce the time and cost associated with the settlement of automobile injury cases. 
B) The systems vary from state to state. 
C) Some states include property damage in the coverage. 
D) Some states set limits on medical expenses,lost wages,and other claim settlements. 
E) In recent years,all 50 states had some variation of the system. 
A) They are intended to reduce the time and cost associated with the settlement of automobile injury cases. 
B) The systems vary from state to state. 
C) Some states include property damage in the coverage. 
D) Some states set limits on medical expenses,lost wages,and other claim settlements. 
E) In recent years,all 50 states had some variation of the system.

Question 5

A home made of wood is more expensive to insure than a comparable brick structure.

Accepted Answer

A) True 
 B)False

Question 6

Home insurance premiums are affected most directly by:

Accepted Answer

A) the profits of the insurance company. 
B) insurance agents' commission. 
C) government regulations that set premiums. 
D) processing costs of claims. 
E) the number of claims in an area. 
A) the profits of the insurance company. 
B) insurance agents' commission. 
C) government regulations that set premiums. 
D) processing costs of claims. 
E) the number of claims in an area.

Question 7

The most common foods and drinks that were reported as the most common distractions in auto accidents includes:

Accepted Answer

A) coffee. 
B) hamburgers. 
C) jelly doughnuts. 
D) soft drinks. 
E) All of these 
A) coffee. 
B) hamburgers. 
C) jelly doughnuts. 
D) soft drinks. 
E) All of these

Which of the following would not be considered personal property under a typical homeowner's insurance policy?

Craig Brown owns a home in San Francisco,California.There is a major earthquake and his house is damaged by the earthquake.What type of insurance would he have to have to cover this loss?

The legal responsibility for the financial cost of another person's losses or injuries is referred to as:

Which statement is not true about no-fault insurance systems?

A home made of wood is more expensive to insure than a comparable brick structure.

Home insurance premiums are affected most directly by:

The most common foods and drinks that were reported as the most common distractions in auto accidents includes:

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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Exam 10: Property and Motor Vehicle Insurance

Which of the following would not be considered personal property under a typical homeowner's insurance policy?

Craig Brown owns a home in San Francisco,California.There is a major earthquake and his house is damaged by the earthquake.What type of insurance would he have to have to cover this loss?

The legal responsibility for the financial cost of another person's losses or injuries is referred to as:

Which statement is not true about no-fault insurance systems?

A home made of wood is more expensive to insure than a comparable brick structure.

Home insurance premiums are affected most directly by:

The most common foods and drinks that were reported as the most common distractions in auto accidents includes:

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

Filters