Exam 8: Home and Automobile Insurance

Identify the areas covered by tenants' insurance. I Personal property protection. II Additional living expenses. III Personal liability. IV Replacement value of premises.

Peril

Tenant's insurance would include coverage for all of the following except

The most common method of dealing with risk is to shift, or transfer it to an insurance company or some other organization.

What type of liability is present when a person is held responsible for intentional or unintentional actions?

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

The purpose of a household inventory is to

Property losses can be categorized into destruction of property, and losses due to robbery, burglary, vandalism, or arson.

Collision coverage pays for damage to your vehicle for such hazards as fire, theft, or wind damage.

Which of the following refers to a category based on age, sex, marital status, and driving habits that is used to set automobile insurance premiums?

What is not a determining factor when considering the amount of home insurance you need, as per the text?

Most home insurance policies provide coverage for

Risks such as fire, theft, glass breakage, falling objects, vandalism, wind, hail, flood, tornado, lightning, earthquake, avalanche, or damage caused by hitting an animal are covered by what type of auto insurance?

Personal property refers to the contents of your home-clothes, furniture, appliances, and similar items covered by homeowner's insurance.

What private sector strategy is used for death?

A speculative risk is a risk that carries a chance of either loss or gain.

What personal property is specifically excluded from coverage by a homeowner's insurance?

Increased liability insurance is available with an umbrella policy.

Ahmed Hadad was injured in an accident caused by another driver who did not have insurance.Ahmed's medical expenses would be covered by