Questions from Personal Finance

Q: What are the three types of risk? Give an example for

What are the three types of risk? Give an example for each.

Q: List at least four personal property items that are not covered by

List at least four personal property items that are not covered by a homeowner’s insurance policy.

Q: Define the following terms: a. Umbrella policy

Define the following terms: a. Umbrella policy b. Medical payments coverage c. Endorsement

Q: Identify the choice that best completes the statement or answers the question

Identify the choice that best completes the statement or answers the question: a. The personal liability portion of a homeowner’s insurance policy protects the insured against financial loss when his...

Q: Define the following terms: a. Homeowner’s Insurance b

Define the following terms: a. Homeowner’s Insurance b. Household inventory c. Personal property floater d. Renter’s insurance

Q: List the five factors that affect home insurance costs.

List the five factors that affect home insurance costs.

Q: What are the two methods insurance companies use in settling claims?

What are the two methods insurance companies use in settling claims?

Q: In the space provided, write “T” if you believe

In the space provided, write “T” if you believe the statement is true, “F” if the statement is false. a. Today most insurance policies automatically increase coverage as construction costs rise. b....

Q: What is no-fault insurance? What is its purpose?

What is no-fault insurance? What is its purpose?

Q: List at least three other kinds of automobile insurance that are available

List at least three other kinds of automobile insurance that are available to you.