Insurance

Question 1

What is best resource to be sure insurance company is legit & licensed to sell in your state?

Accepted Answer

Your state insurance department

Question 2

TRUE/FALSE: Using vehicle for weekly recreation& not for daily commute may lower auto premiums.

Accepted Answer

True

Question 3

Which of the following could cause your premiums to increase?

Accepted Answer

Moving to a larger, more expensive city

Question 4

If a guest at your party causes damages to your apartment, who is responsible for repairs

Accepted Answer

You and anyone else on the lease agreement

Question 5

TRUE or FALSE: Your school grades may influence your auto premiums.

Accepted Answer

True

Question 6

You're in an accident & damages = $800-You have a $200 deductible, how much does insurance pay?

Accepted Answer

You pay $200, and your insurance company pays $600

Question 7

burglar broke into your home; stole grandmother’s photo albums, Which of the following is true:

Accepted Answer

Unless appraised & insured, policy only pays real-value cost

Question 8

An airplane fell from the sky on your home and completely destroyed it. Your home policy…

Accepted Answer

not all “impacted by flying objects’ are covered, some are

Question 9

left water running; bathtub overflowed; water flooded condo below; damaged neighbor’s property.

Accepted Answer

policy covers your damage & damage to neighbor’s property

Question 10

Which of the following doesn’t affect auto insurance premiums:

Accepted Answer

Whether the vehicle is stolen more than others

Question 11

Your dog attacked a visitor who was on your property. Your policy…

Accepted Answer

Covers this under the “admission of fault” clause

Question 12

You do some painting & plastering work- You should inform your insurance company because

Accepted Answer

Work may increase value, so you may reassess home policy

Questions 12