What is the difference between property and liability insurance?

Property:pay for loss to insured Liability:pay loss of other

What does it mean if You are a beneficiary of someones life insurance?

You will receive any proceeds if the person dies

Which is the general rule when dealing with credit reports to minimize identity theft?

check reports at least once per year

How would an Automobile Liability Insurance protect the policyholder?

backed the car into another: $2000 on his car &$3000 2 other

which of the following is an act of identity theft?

wrongfully acquiring and using someones identification

Which strategy would be the most effective to decrease risk of fraudulent use of credit cards?

signing the back of your card w/ signature and please see id

Which of the following is NOT the theft might do with your information?

take a college admissions exam in their name

Which of the following best describes the benefits of having insurance?

sense of financial security and peace of mind

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Protecting Yourself from Fruad

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Questions 18

Answers

1
You and a friend rent an apartment together. Who is responsible for the rent?
Renters Insurance is not necessary
Patty and Emma
Patty and Emma's Parents
The property manager
2
Which of the following actions will not make a person vulnerable to identity theft?
responding to an email from your depository institutions
using computer without updated spyware
throwing mail in the garbage
paying cash for a movie ticket
3
It is recommended that life insurance be purchased when the:
When you fly in an airplane
When you reach the age of 50
When you have dependents
When you get your first job
4
What is the difference between property and liability insurance?
depends whether automobile,homeowners, renters is purchased
Property:pay for loss of other Liability:pay loss of insured
Property:pay for loss to insured Liability:pay loss of other
depends on the specific insurance policy purchased
5
What does it mean if You are a beneficiary of someones life insurance?
You will receive a commission for selling their life policy
You are required to serve as the executor of their estate
You must pay the insurance premiums to keep policy in effect
You will receive any proceeds if the person dies
6
Which is the general rule when dealing with credit reports to minimize identity theft?
report mistakes to only one credit reporting agency
keep credit reports in an easily accessible location
wait 60 days before disputing any wrong information
check reports at least once per year
7
Insurance can be purchased to protect one from which of the following losses?
stock market losses
health insurance expenses
maintaining the price of your home
car maintainance
8
How would an Automobile Liability Insurance protect the policyholder?
$2000 damage to car during a hailstorm
Driver hit me causing $2000 damage to my car & $3000 2other
Hits a deer on a foggy morning causing $2000 in damage
backed the car into another: $2000 on his car &$3000 2 other
9
Which personal information is LEAST LIKELY to be used by scammers?
credit card numbers
bank account numbers
phone numbers
driver's license number
10
which of the following is an act of identity theft?
having the same name as another person
taking the identity of another person for a costume
receiving permission to use a parents credit card 4 clothes
wrongfully acquiring and using someones identification
11
Which strategy would be the most effective to decrease risk of fraudulent use of credit cards?
giving account numbers over the internet rather than phone
carrying all credit cards in your wallet
signing the back of your card w/ signature and please see id
using credit cards for all purchases
12
What is a safety tip when she is shopping online?
use a credit card
black out the bank account numbers
shred all receipts as soon as the item is purchased
use a debit card
13
The insurance company is requiring you to pay the first $500 of the repair bill because:
policies deductible is $500
the cost of the repairs is higher than the policy cover
she did not call her agent and report the accident quickly
she will be reimbursed by the insurance company later
14
Maggie will need to pay $120 per month... this monthly payment is known as?
deductible
premium
co-insurance
moral hazard
15
Which of the following is NOT the theft might do with your information?
make purchases with their credit card
take a college admissions exam in their name
use their name during an arrest
rent an apartment under their name
16
Access to this insurance is provided in addition to his regular salary is known as what?
government programs
household production
coverage
employee benefits
17
Bill was $1000, health insurance has $500 deducible and 20% co-pay. I pay what?
$500
$600
$700
$0 insurance will cover the entire bill
18
Which of the following best describes the benefits of having insurance?
policyholder may bebetter off financially if accident occurs
required by law2 purchase insurance benefits do not matter
sense of financial security and peace of mind
doesnt have to worry about financial loss

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