Question 1

Auto insurance premiums are generally reduced by:

Accepted Answer

A)  choosing a higher deductible. 
B)  buying a sporty "high powered" car. 
C)  moving to a larger city. 
D)  avoiding carpooling to work. 
E)  all of the above 
A)  choosing a higher deductible. 
B)  buying a sporty "high powered" car. 
C)  moving to a larger city. 
D)  avoiding carpooling to work. 
E)  all of the above

Question 2

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-Section I of a homeowner's insurance policy covers [personal liability | medical payments |].

Accepted Answer

The answer of Choose the word or phrase in [...

Question 3

Your son left his skateboard at the bottom of the basement stairs.While going downstairs to change a broken light bulb,you step on the skateboard and break your ankle during the fall.Medical damages total $1,455.How much will your $140,000 homeowners' insurance policy pay for this accident? The policy has $100,000 comprehensive liability coverage and medical payments of $1,000/person.

Accepted Answer

A)  $ 0 
B)  $ 250 
C)  $ 500 
D)  $1,000 
E)  $1,455 
A)  $ 0 
B)  $ 250 
C)  $ 500 
D)  $1,000 
E)  $1,455

Question 4

The basic principles of property and liability insurance pertain to:

Accepted Answer

A)  the types of exposure. 
B)  the principles of indemnity. 
C)  co-insurance. 
D)  all of the above 
E)  none of the above 
A)  the types of exposure. 
B)  the principles of indemnity. 
C)  co-insurance. 
D)  all of the above 
E)  none of the above

Question 5

While you were away on your summer vacation,raccoons took up residence in your attic.They did $5,000 damage.Your HO-2 policy will cover this loss.

Accepted Answer

A) True 
 B)False

Question 6

A(n)_____ agent represents multiple insurance companies.

Accepted Answer

A)  captive 
B)  business 
C)  good 
D)  independent 
E)  employed 
A)  captive 
B)  business 
C)  good 
D)  independent 
E)  employed

Question 7

If you have an outstanding loan on your car,the contract will require you to carry a(n)_____ insurance.

Accepted Answer

A)  bodily injury liability 
B)  property damage liability 
C)  medical payments 
D)  collision or comprehensive 
E)  all of these 
A)  bodily injury liability 
B)  property damage liability 
C)  medical payments 
D)  collision or comprehensive 
E)  all of these

Question 8

A standard homeowner's policy covers damage from most perils except:

Accepted Answer

A)  snow and freezing. 
B)  windstorms and earthquakes. 
C)  earthquakes and floods. 
D)  floods and volcanic eruption. 
E)  Freezing and volcanic eruption. 
A)  snow and freezing. 
B)  windstorms and earthquakes. 
C)  earthquakes and floods. 
D)  floods and volcanic eruption. 
E)  Freezing and volcanic eruption.

Question 9

The terms "perils" and "losses" refer to the same thing.

Accepted Answer

A) True 
 B)False

Auto insurance premiums are generally reduced by:

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement. -Section I of a homeowner's insurance policy covers [personal liability | medical payments |].

The basic principles of property and liability insurance pertain to:

While you were away on your summer vacation,raccoons took up residence in your attic.They did $5,000 damage.Your HO-2 policy will cover this loss.

A(n)_____ agent represents multiple insurance companies.

If you have an outstanding loan on your car,the contract will require you to carry a(n)_____ insurance.

A standard homeowner's policy covers damage from most perils except:

The terms "perils" and "losses" refer to the same thing.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

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Exam 10: Protecting Your Property

Auto insurance premiums are generally reduced by:

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement. -Section I of a homeowner's insurance policy covers [personal liability | medical payments |].

The basic principles of property and liability insurance pertain to:

While you were away on your summer vacation,raccoons took up residence in your attic.They did $5,000 damage.Your HO-2 policy will cover this loss.

A(n)_____ agent represents multiple insurance companies.

If you have an outstanding loan on your car,the contract will require you to carry a(n)_____ insurance.

A standard homeowner's policy covers damage from most perils except:

The terms "perils" and "losses" refer to the same thing.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters