1 year ago


expensive personal

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

property damage liability medical payments comprehensive physical damage Question 12. Question : (TCO 4) If Lisa Johnson is in an accident and the other driver is legally at fault, _____ coverage would pay for damage to her vehicle. uninsured motorists protection collision comprehensive physical damage property damage liability assigned risk Question 13. Question : (TCO 4) Individuals and families purchase life insurance primarily to pay liability claims resulting from accidents. fill financial needs created by the loss of the breadwinner. fund lavish retirement vacations. keep up with people with a similar financial situation. make early retirement possible. Question 14. Question : (TCO 4) You probably have little or no need for life insurance if you are a single person living alone or with parents. divorced and have two children. married and your spouse works. gainfully employed. a household with several children. Question 15. Question : (TCO 4) Your annual income is $50,000. What is your life insurance need based on the easy method? $245,000 $300,000 $345,000 $400,000 $450,000 Question 16. Question : (TCO 4) Which type of insurance is sometimes called temporary insurance? Whole life Term Straight life Ordinary life Modified life

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