Liability insurance protects

others injured due to policy holder or their property

Which is Identity Theft?

wrongfully acquiring and using someones info

Tiffany was in an accident. Her insurance is requiring her to pay the first $500 because:

her policy's deductible is $500

Differenct between property and liability is

insurance pays for insured, liability pays for other people

Which best describes the benefits of haing insurance?

provides a sense of finanvcial security and peace of mind

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Fraud and Insurance

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Questions 17

Answers

1
Which will not make one vulnerable to identity theft?
using a computer without spyware
responding to an email from your depository institution
Paying cash for a movie ticket
throwing mail in the garbage
2
Patty recently moved into a new apartment with Emma, who is repsonsible for retners insurance?
patty and emma's parents
renters insruance is not needed
patty and emma
property manager
3
Carson's wallet has been stolen. What is something an idenityt theif would not do?
Use Carson' name during an arrest
Make purchases with the credit cards
Take a college admissions exam
Rent an apartment under Carson' name
4
Which strategy would be the most effective to decrease the risk of fraudulent use?
carrying all cards in wallet
signing the back of the card
using credit cards for all purchases to pay only one bill
giving account numbers over the internet
5
Insurance can be purchased to protect one from which of the following losses?
stock market losses
minatianing the price of your home
health care expenses
car maintenance
6
Liability insurance protects
those covered
others injured due to policy holder or their property
everyone
No one
7
James medical bill is $1000, deductible is $500, and co-insurance is 20% how much will he pay
500
700
0
600
8
Which is Identity Theft?
wrongfully acquiring and using someones info
using parents credit card with permission
taking idenityt as inspiration for a costume
having the smae name as another person
9
Tiffany was in an accident. Her insurance is requiring her to pay the first $500 because:
she didn't call an agent quick enough
her policy's deductible is $500
cost is higher than her policy covers
she will be reimbursedbythe insruance co later
10
Nicholas's new job provides health, life and disablity insurance which is known as:
government programs
household production
employee benefits
coverage
11
it is recommended to get life insurance when:
one flies in an airplane
one reaches 50
one has dependents
one gets their first job
12
Differenct between property and liability is
depends on the specific policy
insurance pays for insured, liability pays for other people
depends on automobile, homeowners, and renters
insurance pays for others, liability pays for insured
13
Maggies Monthly payment is $120 so this is known as her:
moral hazard
deductible
premium
co-insurance
14
Which is a general rule to minimize identity theft when dealing with credit reports?
report mistakes to <br>only one credit agency
keep reports inan easily accessible location
check reports once a year
wait 60 days before disputing wrong information found
15
What is a safety tip to follow while shopping online?
Shred all sales receipts as soon as the item is received
use a debit card
black out the bank account numbers on bill before returning
use a credit card
16
Matt wants to guard his personal info. Which info is least likely to be used by scammers?
driver's license numbers
credit cards
phone number
bank account numbers
17
Which best describes the benefits of haing insurance?
provides a sense of finanvcial security and peace of mind
all risk of financial loss is transferred to the insurance
required by law so benefits don't matter
policy holder will become better off financially

Fraud and Insurance Flashcards | StudBud