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Front

What are the common elements that result in higher home insurance policy costs?

Back

location,

property value,

age,

condition of the home,

coverage limits,

deductible amounts,

and risk factors,

natural disasters,

poor construction.

Front

 What are types of property not covered by home owner’s insurance?

Back

land,

vehicles,

business property,

rental properties,

flood or earthquake damage,

government-seized property,

certain types of watercraft or recreational vehicles.

Front

1. What coverage is common in a personal liability umbrella policy?

Back

bodily injury,

property damage,

personal injury,

excess liability beyond primary policies,

such as auto and homeowners insurance.

Front

1. What are the common parts of a comprehensive automobile policy?

Back

bodily injury,

property damage,

personal injury,

excess liability beyond primary policies, such as auto and homeowners insurance.

Front

 What are the common parts of a comprehensive automobile policy?

Back

liability coverage,

collision coverage,

comprehensive coverage,

personal injury protection,

uninsured/underinsured motorist coverage,

providing financial protection for damages,

injuries,

legal liabilities.

Front

 What does the term “negligence” address in insurance coverage?

Back

a person's failure to exercise reasonable care or caution,

resulting in harm or damage to others,

which can lead to liability claims and insurance payouts.

Front

 What types of liability a personal automobile policy cover?

Back

bodily injury liability,

property damage liability,

personal injury liability,

protecting policyholders from financial losses due to accidents or injuries.

Front

 What are the basic steps in order when selecting property and liability insurance?

Back

assessing risk,

determining coverage needs,

researching insurance options,

comparing policies and rates, evaluating insurers' financial strength and claims process,

reviewing policy terms and conditions.

Front

What specifically does “indemnity” refer to in insurance coverage?

Back

compensate or reimburse the policyholder for actual losses or damages incurred,

restoring them financially to their pre-loss state.

Front

What is the difference between a bear and a bull stock market?

Back

declining stock market,

characterized by falling prices

negative investor sentiment,

while a bull market refers to a

rising stock market,

marked by increasing prices and optimistic investor sentiment.