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U8 Property and Liability Insurance (Ch16 and Ch17) Flashcards | StudBud
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U8 Property and Liability Insurance (Ch16 and Ch17)
U8 Property and Liability Insurance (Ch16 and Ch17)
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#LiabilityInsurance, #PropertyInsurance
Flashcards
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Questions
18
Answers
1
Victor's auto coverage: $50K/$100K/$50K. Victor's $1,500 car was stolen.
"What will his insurer pay?
$100,000
$0
$50,000
$1,500
2
Debra has $50,000 life with $12,000 cash value.
"What is the maximum amount may she use while she's alive?"
$50,000
$62,000
$12,000
$38,000
3
In which instance will an auto insurer cancel your auto policy?
Good driving habits
Pay premiums montly
Citations
Increase deductibles
4
Which of the following is NOT covered in a renter's insurance policy?
Roof collapse due to rot
Neighbor breaks leg after slipping on spilled juice
Tenant damages floor
Damages to bathroom caused by iron
5
Victor's auto coverage is $50K/100K/$50K.
"Victor has what type of auto coverage?"
Collision
Liability
PIP
Comprehensive
6
Buying home owner's insurance is an example of which risk management technique (how to handle risk)?
risk reduction
risk assumption
risk avoidance
self-insure
7
Who's at-faulty for your slip-an-fall injury at Zaxby's?
IDK because I did not study :-(
Zaxby's
Your mother
No one. Watch what you're doing next time!
8
Debra has $50,000 life policy with $12,000 cash value.
"What life policy does she have?"
Temporary life insurance
Permanent life insurance
Term life insurance
Straight life insurance
9
Victor hit Carter while driving home from a football game. "Who's at fault?"
Victor
Carter
No one's at-fault
10
Diane hydroplaned and flipped her car three times.
"Which auto coverage will pay benefits?"
Uninsured/Under insured Motorist
Comprehensive
Liability
Collision
11
Which of the following will decrease homeowner's insurance?
Increase ductible
Pay premiums monthly
Add a personal property floater
File multiple accident claims
12
Which HO coverage will pay for your injuries if you slip and fall at home?
None of these
Personal property
Dwelling
Liability
13
Which of the following is an attractive nuisance?
Playground
Car
Trees
House
14
Which of the following is an endorsement that may be added to a HO policy?
Deductible
Attractive nuisance
Co-insurance
Flood insurance
15
Debra has $50,000 life policy with $12,000 cash value.
"How much is the death benefit"
$50,000
$62,000
$12,000
$38,000
16
Heavy snow damaged the top of Susan's car.
"What auto coverage will pay for damages?"
Collision
Comprehensive
Uninsured Motorist
Liabilitiy
17
Which of the following may be covered in a personal property floater?
Musical instruments
Pets
Vehicles
Swimming pools
18
Which professional assists insurance companies in setting premiums?
Insurance agent
Claims adjuster
Actuary
Insurance investigator