PFM Chapter 14 Review

Front

Insurance guarantees that you will have no financial losses

Back

False

Front

A poor driving record can increase your premiums.

Back

True

Front

In case of fire, it is a good idea to have a household inventory stored in a safe deposit box

Back

True

Front

It is better to not call the police to investigate an accident when no one is injured

Back

False

Front

Males under the age of 21 will pay less for auto insurance than females under 21

Back

False

Front

Vehicles that have a higher risk of theft have higher auto insurance premiums

Back

True

Front

An umbrella policy provides additional liability protection beyond that included in a policy.

Back

True

Front

Increasing a deductible amount should decrease premiums

Back

True

Front

Fraudulent claims have no effect on the costs of providing insurance protection

Back

False

Front

To insure something, it must be something that, if lost, would not cause you financial harm.

Back

False