Lesson 9 Review
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
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25 questions
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1.
FLASHCARD QUESTION
Front
Peter backed into a lamppost and caused $4,300 worth of damage. He has a collision policy with a $1,000 deductible. How much will the insurance company pay?
Back
$3,300
2.
FLASHCARD QUESTION
Front
Bob has an auto accident caused by his negligence. He has 100/300/100 liability insurance. The three people injured in the accident sued. One person was awarded $140,000, and the other two were awarded $75,000 each. How much does the insurance company pay (leaving to you pay the rest)?
Back
$250,000
Answer explanation
With liability insurance of 100/300/100 liability, each person is limited to $100,000 from insurance so one person would get $100,000, and the other two would get $75,000 each ($150,000) for a total of $250,000 from your insurance company you must pay the remaining $40,000.
3.
FLASHCARD QUESTION
Front
Michael Scott has 100/275/50 liability insurance. Does liability insurance cover Michael or the other guy?
Back
Other Guy
4.
FLASHCARD QUESTION
Front
In Michael Scott's 100/275/50 liability insurance, what does the 50 represent?
Back
Property Damage
5.
FLASHCARD QUESTION
Front
What insurance will cover the costs of replacing a storefront damaged by Dwight Schrute during an ice storm, which will cost $24,000, and the $1,450 damage to a fence?
Back
Property Damage Liability
6.
FLASHCARD QUESTION
Front
What type of insurance covers a lawsuit for $3,000,000 awarded to a professional soccer player who can no longer play due to injuries sustained in a store owned by Dwight Schrute, and how much will the insurance company pay? Options: Property Damage, Bodily Injury Liability, Personal Injury Protection
Back
Bodily Injury Liability: $100,000
7.
FLASHCARD QUESTION
Front
If a rock hits your windshield, what insurance pays to fix it?
Back
Comprehensive
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