BUSN 380 DEVRY COMPLETE QUIZ PACKAGE
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expensive personal property.<br />
additional buildings on your property.<br />
property when traveling away from home.<br />
major personal liability suits.<br />
flood damage.<br />
Question 7. Question : (TCO 4) When obtaining a home insurance policy, you will find that most will<br />
already provide coverage for<br />
<br />
<br />
<br />
<br />
<br />
earthquake damage.<br />
flood damage.<br />
medical payments.<br />
personal property floaters.<br />
an umbrella liability.<br />
Question 8. Question : (TCO 4) If claims need to be settled based on the current replacement cost of a<br />
damaged or lost item less depreciation, then the _____ method should be used.<br />
<br />
<br />
<br />
<br />
<br />
replacement value<br />
actual cash value<br />
umbrella<br />
endorsement<br />
personal property floater<br />
Question 9. Question : (TCO 4) Your home insurance policy has a $250 deductible. If a small fire<br />
causes $900 of damage to your home, what amount of the claim would the insurance company pay?<br />
$250<br />
$0<br />
$900<br />
$650<br />
Not able to determine from this information<br />
Question 10. Question : (TCO 4) _____ coverage pays for medical care for people who were injured in<br />
your automobile.<br />
<br />
<br />
<br />
<br />
<br />
Comprehensive<br />
Bodily injury liability<br />
Collision<br />
Medical payments<br />
No-fault insurance<br />
Question 11. Question : (TCO 4) The 50 in 100/300/50 refers to _____ coverage.<br />
<br />
<br />
collision<br />
bodily injury liability
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