Exam 10: Property and Motor Vehicle Insurance

David Bowers must show a card from his automobile insurance company when he registers his car in the state of Oklahoma each year.Which of the following types of laws is the reason he must show this card each year?

Which of the following would not be considered personal property under a typical homeowner's insurance policy?

Your home insurance provides for replacement value for personal property losses.A microwave is stolen.It cost $300 two years ago and has an expected life of six years.A comparable microwave costs $400 today.What amount will the insurance company pay?

Thad Joslin was judged at fault in an automobile accident.Three others were awarded damages of $150,000,$75,000,and $75,000.Thad has 100/300 bodily injury liability coverage.What amount,if any,would not be covered by his insurance?

Kevin Brown rides his bicycle to work so that he doesn't have to worry about getting in a car accident.How is Kevin managing his risk?

What type of personal liability coverage is also called a personal catastrophe policy?

Which one of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault?

A parent may be held responsible for the actions of their child if those actions cause financial or physical harm to others.This is known as:

Your home insurance policy has a $250 deductible.If a small fire causes $600 damage to your home,what amount of the claim would the insurance company pay?

Increased liability insurance is available with an umbrella policy.

What type of coverage in a home insurance policy is designed to pay for legal action taken against a homeowner who may be legally responsible for injury or property damage of others?

Which one of the following is not covered by renter's insurance?

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

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

Renter's insurance would include coverage for:

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.

Nick Rodr owns a home in Edmond,Oklahoma and pays $665 per year in insurance on the home.The $665 is an example of a:

Using a home security system is an example of ____________ risk.

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

Personal risks,property risks,and liability risks are types of ________ risk.