Exam 11: Auto and Homeowners Insurance

You can use the Internet to obtain

Homeowner's insurance provides insurance in the event of property damage or personal liability relating to home ownership, but not theft.

A higher deductible reduces the amount of coverage provided by homeowner's insurance, and therefore results in a lower insurance premium.

Collision coverage is normally limited to the car itself and not to items that were damaged while in the car.

________ is not a suggested risk management method.

Auto insurance can be very expensive if you

Which of the following statements is not true concerning comprehensive and collision insurance?

In general, the most expensive part of your automobile policy is ________ coverage.

It is possible that some of the expenses you incurred in an accident are not covered by your policy.

You are in an accident and it's the other driver's fault but he is not insured. There is no type of coverage to protect you from financial loss in this case.

Auto insurance rates are based upon all of the following except your

The amount of damage that you will be required to cover if your car is involved in an accident that is your fault is your

Your home insurance policy has a $250 deductible. If a small fire causes $600 damage to your home, what amount of the claim would the insurance company pay?

Insurance can protect your existing net worth and also increase the likelihood that you will be able to increase your net worth in the future.

Events that are typically not covered by your homeowner's insurance include all of the following, except

A replacement cost rider is important to add to your homeowner's policy because