A) is the chance that something may be lost. B) is the cause of a possible loss. C) increases the likelihood of loss through some peril. D) is loss possibilities due to negligence resulting in bodily harm or property damage to others. E) is a risk that carries a chance of either loss or gain. A) is the chance that something may be lost. B) is the cause of a possible loss. C) increases the likelihood of loss through some peril. D) is loss possibilities due to negligence resulting in bodily harm or property damage to others. E) is a risk that carries a chance of either loss or gain.

A) carries a chance of either loss or gain, such as gambling or investing in a new business. B) is the cause of a possible loss. C) increases the likelihood of loss through some peril. D) are the uncertainties of direct or indirect losses to property due to fire, windstorms, accidents, theft, and other hazards. E) is loss possibilities due to negligence resulting in bodily harm or property damage to others. A) carries a chance of either loss or gain, such as gambling or investing in a new business. B) is the cause of a possible loss. C) increases the likelihood of loss through some peril. D) are the uncertainties of direct or indirect losses to property due to fire, windstorms, accidents, theft, and other hazards. E) is loss possibilities due to negligence resulting in bodily harm or property damage to others.

Exam 8: Home and Automobile Insurance

____________ provides coverage for the risk of financial loss due to legal expenses, medical expenses, lost wages, and other expenses associated with injuries caused by an automobile accident for which you were responsible.

(Multiple Choice)

4.9/5

(83)

Question 21

Hazard

(Multiple Choice)

4.8/5

(85)

Question 22

The homeowners' pets are included in the coverage provided by the homeowners insurance.

(True/False)

4.9/5

(82)

Question 23

Liability risk

(Multiple Choice)

4.8/5

(92)

Question 24

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

(True/False)

4.7/5

(74)

Question 25

The additional living expenses component of a home insurance policy is designed to

(Multiple Choice)

5.0/5

(67)

Question 26

Starting a small business that may or may not succeed is an example of speculative risk.

(True/False)

4.8/5

(93)

Question 27

Vicarious liability refers to the failure to take ordinary or reasonable care in a situation.

(True/False)

4.8/5

(80)

Question 28

Which of the following would be covered by a home insurance policy?

(Multiple Choice)

4.7/5

(73)

Question 29

Personal risks, property risks, and liability risks are types of speculative risks.

(True/False)

4.9/5

(81)

Question 30

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

(Multiple Choice)

4.8/5

(91)

Question 31

Personal articles endorsement is an additional property insurance to cover the damage or loss of a specific item of high value.

(True/False)

4.9/5

(82)

Question 32

The requirement for a minimum level of home insurance coverage refers to which of the following?

(Multiple Choice)

5.0/5

(87)

Question 33

Under the ____________ method for settling claims you receive the full cost of repairing or replacing a damaged or lost item and depreciation is not considered.

(Multiple Choice)

4.8/5

(78)

Question 34

An umbrella policy is designed to cover

(Multiple Choice)

4.7/5

(82)

Question 35

High winds cause damage to trees, shrubs, and other plants.This insurance claim would be covered under the ____________ component of homeowner's insurance.

(Multiple Choice)

4.9/5

(82)

Question 36

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

(Multiple Choice)

4.8/5

(67)

Question 37

Which of the following are not covered by tenant's insurance?

(Multiple Choice)

5.0/5

(89)

Question 38

Personal property refers to building and other structures covered by homeowner's insurance.

(True/False)

4.9/5

(66)

Question 39

The purpose of minimum insurance legislation is to

(Multiple Choice)

4.9/5

(74)

Question 40

Showing 21 - 40 of 99

____________ provides coverage for the risk of financial loss due to legal expenses, medical expenses, lost wages, and other expenses associated with injuries caused by an automobile accident for which you were responsible.

Hazard

The homeowners' pets are included in the coverage provided by the homeowners insurance.

Liability risk

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

The additional living expenses component of a home insurance policy is designed to

Starting a small business that may or may not succeed is an example of speculative risk.

Vicarious liability refers to the failure to take ordinary or reasonable care in a situation.

Which of the following would be covered by a home insurance policy?

Personal risks, property risks, and liability risks are types of speculative risks.

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

Personal articles endorsement is an additional property insurance to cover the damage or loss of a specific item of high value.

The requirement for a minimum level of home insurance coverage refers to which of the following?

Under the ____________ method for settling claims you receive the full cost of repairing or replacing a damaged or lost item and depreciation is not considered.

An umbrella policy is designed to cover

High winds cause damage to trees, shrubs, and other plants.This insurance claim would be covered under the ____________ component of homeowner's insurance.

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

Which of the following are not covered by tenant's insurance?

Personal property refers to building and other structures covered by homeowner's insurance.

The purpose of minimum insurance legislation is to

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Finances of Housing

Life, Health, and Disability Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Retirement Planning

Estate Planning

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