Exam 10: Property and Motor Vehicle Insurance

While cleaning your home, a worker damages some furniture. You take action against the worker's employer to cover the cost of the damage. This is an example of a(n) ____________ liability.

Kelly and Bob Walton recently purchased a new home and desire coverage for all causes of loss or damage except those specially excluded by the policy. They should obtain the ____________ form of homeowner's policy.

The driver classification category is based on automobile style, model, and value of the vehicle.

Your geographic location is a major factor in determining the ____________ used to calculate your automobile insurance premiums.

The purpose of insurance is to help protect you and your family against financial hardship due to hazard, accident, death, and similar risks.

Wearing a seat belt in an automobile to protect yourself against injury is an example of ____________ risk.

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

Which of the following is not something you should do when you are involved in an automobile accident?

The purpose of a household inventory is to:

Most home insurance policies provide coverage for:

What coverages are commonly included in a homeowner's insurance policy?

Which one of the following factors is used to determine a person's driver classification?

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

The purpose of an assigned risk pool is to:

Negligence refers to: