Question 1

Homeowner's insurance covers all of the following except

Accepted Answer

A)  Personal property. 
B)  Personal liability. 
C)  Additional living expenses. 
D)  Automobiles. 
E)  Building and other structures on the property. 
A)  Personal property. 
B)  Personal liability. 
C)  Additional living expenses. 
D)  Automobiles. 
E)  Building and other structures on the property.

Question 2

If you drive a model of vehicle that is frequently stolen,you should expect to pay a higher premium for your auto insurance.

Accepted Answer

A) True 
 B)False

Question 3

An example of a hazard is defective house wiring.

Accepted Answer

A) True 
 B)False

Question 4

The best place to keep a household inventory is

Accepted Answer

A)  On a bookshelf in the family room. 
B)  In the freezer. 
C)  In the attic. 
D)  In a safe deposit box. 
E)  In the garage. 
A)  On a bookshelf in the family room. 
B)  In the freezer. 
C)  In the attic. 
D)  In a safe deposit box. 
E)  In the garage.

Question 5

Collision insurance covers your vehicle against risks such as falling objects and hail.

Accepted Answer

A) True 
 B)False

Question 6

If you choose to take responsibility for negative results of a risk,you are using

Accepted Answer

A)  Risk avoidance. 
B)  Risk reduction. 
C)  Risk assumption. 
D)  Risk shifting. 
E)  Risk increasing. 
A)  Risk avoidance. 
B)  Risk reduction. 
C)  Risk assumption. 
D)  Risk shifting. 
E)  Risk increasing.

Question 7

When Stanley was visiting Elaine,he tripped on her front porch step and sprained his ankle.His injuries were covered by

Accepted Answer

A)  Elaine's medical payments coverage. 
B)  Stanley homeowner's policy. 
C)  Elaine's health insurance coverage. 
D)  Elaine's life insurance policy. 
E)  The insurance policy of the mason who installed the front porch step 15 years ago. 
A)  Elaine's medical payments coverage. 
B)  Stanley homeowner's policy. 
C)  Elaine's health insurance coverage. 
D)  Elaine's life insurance policy. 
E)  The insurance policy of the mason who installed the front porch step 15 years ago.

Question 8

Insurance is protection against possible financial loss.

Accepted Answer

A) True 
 B)False

Question 9

All of the following are acceptable types of documentation for a household inventory except

Accepted Answer

A)  Photographs with dates purchased and values of objects listed on the backs. 
B)  Video recordings of assets. 
C)  Written listings of items, purchase prices, and assets. 
D)  Computerized spreadsheets with details about the items and their ages and costs. 
E)  A listing of items and their details in your memory. 
A)  Photographs with dates purchased and values of objects listed on the backs. 
B)  Video recordings of assets. 
C)  Written listings of items, purchase prices, and assets. 
D)  Computerized spreadsheets with details about the items and their ages and costs. 
E)  A listing of items and their details in your memory.

Question 10

Tom wanted to receive as many discounts on his home insurance as possible.Which of the following would NOT provide a discount?

Accepted Answer

A)  Smoke detector. 
B)  Fire extinguisher. 
C)  Deadbolt locks. 
D)  Alarm systems. 
E)  All of these should provide a discount for Tom. 
A)  Smoke detector. 
B)  Fire extinguisher. 
C)  Deadbolt locks. 
D)  Alarm systems. 
E)  All of these should provide a discount for Tom.

Question 11

Madeline had a severe allergy attack and crashed her car into a telephone pole while sneezing.The damage to the telephone pole would be covered under Madeline's

Accepted Answer

A)  Uninsured motorist's protection. 
B)  Property damage liability policy. 
C)  Collision policy. 
D)  Comprehensive physical damage policy. 
E)  Bodily injury liability policy. 
A)  Uninsured motorist's protection. 
B)  Property damage liability policy. 
C)  Collision policy. 
D)  Comprehensive physical damage policy. 
E)  Bodily injury liability policy.

Question 12

A household inventory should be stored in a home office.

Accepted Answer

A) True 
 B)False

Question 13

Henry was driving at dusk and hit a deer running across the road.His damage would be covered under his

Accepted Answer

A)  Uninsured motorist's protection. 
B)  Property damage liability policy. 
C)  Collision policy. 
D)  Comprehensive physical damage policy. 
E)  Bodily injury liability policy. 
A)  Uninsured motorist's protection. 
B)  Property damage liability policy. 
C)  Collision policy. 
D)  Comprehensive physical damage policy. 
E)  Bodily injury liability policy.

Question 14

If you live in a city,you should expect to pay a higher premium for your auto insurance than someone who lives in a rural area.

Accepted Answer

A) True 
 B)False

Question 15

Homeowner's insurance includes all of the forms listed here except

Accepted Answer

A)  HO-1. 
B)  HO-2. 
C)  HO-5. 
D)  HO-6. 
E)  HO-8. 
A)  HO-1. 
B)  HO-2. 
C)  HO-5. 
D)  HO-6. 
E)  HO-8.

Homeowner's insurance covers all of the following except

If you drive a model of vehicle that is frequently stolen,you should expect to pay a higher premium for your auto insurance.

An example of a hazard is defective house wiring.

The best place to keep a household inventory is

Collision insurance covers your vehicle against risks such as falling objects and hail.

If you choose to take responsibility for negative results of a risk,you are using

When Stanley was visiting Elaine,he tripped on her front porch step and sprained his ankle.His injuries were covered by

Insurance is protection against possible financial loss.

All of the following are acceptable types of documentation for a household inventory except

Tom wanted to receive as many discounts on his home insurance as possible.Which of the following would NOT provide a discount?

Madeline had a severe allergy attack and crashed her car into a telephone pole while sneezing.The damage to the telephone pole would be covered under Madeline's

A household inventory should be stored in a home office.

Henry was driving at dusk and hit a deer running across the road.His damage would be covered under his

If you live in a city,you should expect to pay a higher premium for your auto insurance than someone who lives in a rural area.

Homeowner's insurance includes all of the forms listed here except

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Savings Plans and Payment Account

Consumer Credit: Advantages, Dis-Advantages, Sources, and Costs

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

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Exam 8: Home and Automobile Insurance

Homeowner's insurance covers all of the following except

If you drive a model of vehicle that is frequently stolen,you should expect to pay a higher premium for your auto insurance.

An example of a hazard is defective house wiring.

The best place to keep a household inventory is

Collision insurance covers your vehicle against risks such as falling objects and hail.

If you choose to take responsibility for negative results of a risk,you are using

When Stanley was visiting Elaine,he tripped on her front porch step and sprained his ankle.His injuries were covered by

Insurance is protection against possible financial loss.

All of the following are acceptable types of documentation for a household inventory except

Tom wanted to receive as many discounts on his home insurance as possible.Which of the following would NOT provide a discount?

Madeline had a severe allergy attack and crashed her car into a telephone pole while sneezing.The damage to the telephone pole would be covered under Madeline's

A household inventory should be stored in a home office.

Henry was driving at dusk and hit a deer running across the road.His damage would be covered under his

If you live in a city,you should expect to pay a higher premium for your auto insurance than someone who lives in a rural area.

Homeowner's insurance includes all of the forms listed here except

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Savings Plans and Payment Account

Consumer Credit: Advantages, Dis-Advantages, Sources, and Costs

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Health and Disability Income Insurance

Financial Planning With Life Insurance

Investing Basics and Evaluating Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

Filters