Exam 50: Insurance

An employee of a company that provides ________ insurance to its employees can receive payments,as provided by the policy,for injuries suffered by employees while working on the job.

A workers' compensation insurance allows an employee to sue the employer along with claiming the insurance coverage.

Which of the following is an insurer's duty?

Personal injury is not covered under a standard fire insurance policy.

A personal articles floater provides coverage for loss or damage to the articles while traveling.

Collision insurance covers damages to a car in a natural disaster.

Which of the following types of insurances will help an owner of a real property establish clear ownership over that property?

________ is a requirement that a person who purchases insurance has a personal stake in the insured item or person.

An insured can cover his automobile under both collision insurance and comprehensive insurance simultaneously.

A professional malpractice insurance protects professionals against liability caused by personal negligence.

What is the importance of title insurance in real property?

Helen has a $40,000 automobile collision policy with a $750 deductible.If her car is involved in an accident costing her $15,000 to repair the damages,________ is the amount she will have to pay to receive coverage for the damages from the insurer.

An insurance broker is an agent of an insurer.

Hillary had purchased a term life insurance policy and had nominated her mother as the beneficiary,while William,her colleague,had a universal life insurance and had nominated himself as the beneficiary.Hillary and William recently got married and wish to nominate each other as beneficiaries in their individual life insurance policies.In the context of the given scenario,which of the following statements is true?

Insureds who want to increase their liability coverage beyond the original coverage can purchase a(n)________.

In the context of insurance,what does the term premium refer to?

Roger Ray runs a motel in a rented property and sublets a part of its garage to the owner of a nearby fuel station.Three months later,the motel catches fire from a fuel leak in the garage and Roger suffers severe damages.If Roger owns a standard fire insurance policy for years,the insurer can use the ________ to refuse covering the damage caused by the fire.

What kind of insurance provides such coverage?

What is an automobile liability insurance?

Under the replacement cost insurance,an insurer has the right to either pay the insured for the loss or pay to have the property restored.