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Property insurance is generally needed by homeowners and sometimes by renters. Which of the following events are covered by most homeowner policies:
Note: There can be several correct answers to this question
You have third party motor insurance for your car. Which of the following costs would be covered by your policy if you cause an accident:
If you have “Third Party, Fire and Theft” insurance on your vehicle, which of the following expenses would be covered:
Note: There can be several correct answers to this question
You have collision insurance on your car and cause an accident with somebody who has liability insurance. Who pays for the damage to your car?
What is the purpose of disability insurance?
What is workers’ compensation insurance?
What is liability insurance?
What is life insurance?
Who can be the beneficiary of a life insurance in the event of death:
Note: There can be several correct answers to this question
In an insurance policy, what is the name of the monthly or yearly payment that is due to the insurer?
What is the deductible in an insurance policy:
How does a higher deductible impact the cost of your insurance policy?
What is an annuity?
Annuities can be fixed or variable. What is the difference?
Which of the following are recommended for reducing health risks?
Note: There can be several correct answers to this question
Which of the following are recommended for reducing property related risks?
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Which of the following are recommended for reducing driving related risks?
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Having done what you can to reduce risk, you have the option of accepting risk (“self-insuring”) or buying insurance. Which of the following would argue for self-insurance against a certain event:
Note: There can be several correct answers to this question
You want to get homeowners’ insurance. You receive a 80-page draft contract sent by your insurance broker. What do you do?
Note: There can be several correct answers to this question
You should regularly review your financial accounts in order to:
Note: There can be several correct answers to this question