Unit 8 Review

Front

Why would someone want to have renters insurance if their building owner has insurance?

Back

The building owner's policy only covers the building structure. Renters insurance covers your personal property

Front

If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT: the cost of replacing any items inside the apartment that completely burned in the fire, The cost of your hotel room for a week while your apartment is cleaned up, The cost of replacing items ruined by water as firefighters put out the fire, The cost of replacing damaged sections of the roof and any broken windows.

Back

The cost of replacing damaged sections of the roof and any broken windows

Front

What is one way that homeowners insurance differs from renters insurance?

Back

Homeowners insurance will cover your physical structure (house, condo, etc) but renters insurance does not

Front

Each of the following factors affect your monthly auto insurance premium EXCEPT: Your vehicle's make, model, and year; Your driving record; Your age and marital status;

Back

Your local auto shop's customer service reviews

Front

Ricardo was not paying attention to the flow of traffic and rear-ended the car in front of him. Both cars have damage, but he doesn't have car insurance. What will most likely happen?

Back

Ricardo will have to pay out of pocket for auto repair and possible medical bills for the person he hit.

Front

Which factors can impact your monthly auto insurance premium? Options: How many credits you are enrolled in at school and your class schedule, The dealership where you bought the car and the popularity of the dealership, Your age, driving record, and annual mileage, How much you pay for rent and utilities

Back

Your age, driving record, and annual mileage

Front

Miguel has a deductible of $500 and a coverage limit of $50,000 for bodily injury liability. He causes an accident and the other driver's medical bills total exactly $52,300. How much will Miguel pay in TOTAL?

Back

$2,300

Front

Which of the following people is likely to have the HIGHEST auto insurance premium?
Patrick: 17 years old, single, new driver
Clementine: 35 years old, married, an experienced driver
Joel: 45 years old, single, experienced driver
Mary: 26 years old, married, new driver

Back

Patrick: 17 years old, single, new driver

Front

A standard homeowners policy will include all of these coverage bundles EXCEPT: Dwelling, Other structures, Personal property

Back

Earthquake and flood

Front

Which of the following will likely affect the total amount of interest you will end up paying on a home loan?
Options:
How many other homes in your neighborhood are also for sale
The median cost of homes in your neighborhood
Your credit score
The type of car you drive

Back

Your credit score