Exam 8: Protecting Your Wealth - Auto and Homeowner's Insurance

If Zack had a replacement value home insurance policy and had a custom made table that he paid $16 000 for a number of years ago and which was recently appraised for $22 000,the insurance company would pay him $16 000 for it,if it were destroyed in a fire.

(True/False)

4.8/5

(86)

Question 41

You are in an accident which causes $3000 in damages to your car,and your policy has a $500 deductible for collision and $300 for comprehensive.If the other driver is at fault,which is correct?

(Multiple Choice)

5.0/5

(79)

Question 42

Your home insurance policy has a $500 deductible and provides cash value coverage on contents.If your home is over 25 years old and a small fire causes $6000 damage to it,what amount of the claim would the insurance company pay?

(Multiple Choice)

4.7/5

(88)

Question 43

If Eric's dog ran across a road and caused a driver to swerve and injure a passerby,Eric's umbrella personal liability coverage could cover the expenses of both the driver and the injured pedestrian.

(True/False)

4.9/5

(90)

Question 44

In which of the following scenarios would your auto insurance coverage be in effect?

(Multiple Choice)

4.9/5

(83)

Question 45

If you have good health insurance,you should probably not take out medical payments coverage on your automobile policy.

(True/False)

4.9/5

(68)

Question 46

In general,insurance companies generate their profit from

(Multiple Choice)

4.9/5

(91)

Question 47

It is a good idea to list all of your personal assets,estimate the market value of each item,and then film the contents of your house with a video camera to be able to show proof of their existence.

(True/False)

4.7/5

(78)

Question 48

Auto insurance rates are based on

(Multiple Choice)

4.8/5

(81)

Question 49

Your insurance policy carries a $200 deductible for collision and $500 deductible for comprehensive.If you cause an accident which results in the following repairs and losses to your car and possessions,what will be the reimbursement from the insurance company under your collision and comprehensive coverage?

(Multiple Choice)

4.8/5

(92)

Question 50

If you live in a province with private auto insurance,it can be very expensive if you

(Multiple Choice)

4.7/5

(85)

Question 51

Which of the following is True about liability insurance in a homeowner's policy?

(Multiple Choice)

4.8/5

(83)

Question 52

Named perils coverage protects the automobile owner against theft of specific items named in the auto insurance policy.

(True/False)

4.9/5

(75)

Question 53

The best way to reduce your homeowner's insurance premiums is to

(Multiple Choice)

4.9/5

(77)

Question 54

Auto insurance rates are based on all but your

(Multiple Choice)

4.9/5

(84)

Question 55

Various home homeowners' insurance policy features can play a significant role in the protection of one's net worth.Give your own specific examples of what the following elements of property insurance could protect you from,compared with someone who had weaker coverage,or no coverage. Comprehensive coverage versus named perils Personal property floater Umbrella personal liability coverage Tenant's insurance Personal property replacement cost

(Essay)

4.8/5

(85)

Question 56

Driving carefully and obeying traffic laws is

(Multiple Choice)

4.8/5

(82)

Question 57

Ownership of assets such as cars,homes,and boats results in higher

(Multiple Choice)

4.9/5

(85)

Question 58

Most standard home insurance policies provide coverage for

(Multiple Choice)

4.9/5

(84)

Question 59

Using one insurer for all types of insurance will not reduce your homeowner's insurance premium.

(True/False)

4.8/5

(82)

Question 60

Showing 41 - 60 of 88

If Zack had a replacement value home insurance policy and had a custom made table that he paid $16 000 for a number of years ago and which was recently appraised for $22 000,the insurance company would pay him $16 000 for it,if it were destroyed in a fire.

You are in an accident which causes $3000 in damages to your car,and your policy has a $500 deductible for collision and $300 for comprehensive.If the other driver is at fault,which is correct?

Your home insurance policy has a $500 deductible and provides cash value coverage on contents.If your home is over 25 years old and a small fire causes $6000 damage to it,what amount of the claim would the insurance company pay?

If Eric's dog ran across a road and caused a driver to swerve and injure a passerby,Eric's umbrella personal liability coverage could cover the expenses of both the driver and the injured pedestrian.

In which of the following scenarios would your auto insurance coverage be in effect?

If you have good health insurance,you should probably not take out medical payments coverage on your automobile policy.

In general,insurance companies generate their profit from

It is a good idea to list all of your personal assets,estimate the market value of each item,and then film the contents of your house with a video camera to be able to show proof of their existence.

Auto insurance rates are based on

If you live in a province with private auto insurance,it can be very expensive if you

Which of the following is True about liability insurance in a homeowner's policy?

Named perils coverage protects the automobile owner against theft of specific items named in the auto insurance policy.

The best way to reduce your homeowner's insurance premiums is to

Auto insurance rates are based on all but your

Driving carefully and obeying traffic laws is

Ownership of assets such as cars,homes,and boats results in higher

Most standard home insurance policies provide coverage for

Using one insurer for all types of insurance will not reduce your homeowner's insurance premium.

Overview of a Financial Plan

Tools for Financial Planning - Applying Time Value Concepts

Tools for Financial Planning - Planning with Personal Financial Statements

Tools for Financial Planning - Using Tax Concepts for Planning

Managing Your Financial Resources - Banking Services and Managing Your Money

Managing Your Financial Resources - Assessing, Managing, and Securing Your Credit

Managing Your Financial Resources - Purchasing and Financing a Home

Protecting Your Wealth - Health and Life Insurance

Personal Investing - Investing Fundamentals

Personal Investing - Investing in Stocks

Personal Investing - Investing in Bonds

Personal Investing - Investing in Mutual Funds

Retirement and Estate Planning - Retirement Planning

Retirement and Estate Planning - Estate Planning

Synthesis of Financial Planning - Integrating the Components of a Financial Plan

Filters