Questions from Personal Finance


Q: How renter’s insurance is different from homeowner’s insurance? Who should consider

How renter’s insurance is different from homeowner’s insurance? Who should consider purchasing renter’s insurance? Briefly describe some of the provisions of a renter’s insurance policy.

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Q: What is the purpose of an umbrella personal liability policy? Who

What is the purpose of an umbrella personal liability policy? Who might need one?

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Q: List some ways you can reduce risk and limit your overall exposure

List some ways you can reduce risk and limit your overall exposure to loss.

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Q: Why do some people choose to accept risk rather than purchase insurance

Why do some people choose to accept risk rather than purchase insurance? Why is this mind-set problematic?

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Q: What is group term life insurance? What are the advantages of

What is group term life insurance? What are the advantages of group term life insurance?

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Q: Why does your geographic location impact the cost of homeowner’s insurance?

Why does your geographic location impact the cost of homeowner’s insurance? Why does it impact the cost of your automobile insurance?

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Q: How does your credit history impact your insurance costs?

How does your credit history impact your insurance costs?

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Q: Why is it important to carefully review the types of perils covered

Why is it important to carefully review the types of perils covered by your homeowner’s insurance policy? What are some common perils that are not covered by many homeowner’s policies?

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Q: You teach Personal Finance at a local community college. The state

You teach Personal Finance at a local community college. The state in which you teach requires proof of liability insurance to renew your license plates. During the discussion of this topic in class,...

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Q: What is the purpose of insurance? What is meant by the

What is the purpose of insurance? What is meant by the term liability? How can individuals benefit from insurance?

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