Insurance Knowledge Flashcard

Insurance Knowledge Flashcard

Assessment

Flashcard

Business

Professional Development

Practice Problem

Hard

Created by

Eddie Emmett

FREE Resource

Student preview

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25 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Why might Mason decide to purchase watercraft insurance even though it's not required by law?

Back

To obtain a boat loan

2.

FLASHCARD QUESTION

Front

What is NOT typically covered by farm insurance? Options: Farm equipment, Livestock, Crops, Personal vehicles

Back

Personal vehicles

3.

FLASHCARD QUESTION

Front

Key difference between farm insurance and homeowners insurance regarding property value.

Back

Farm insurance covers higher-value equipment.

4.

FLASHCARD QUESTION

Front

Why might the marina require Jackson to have watercraft insurance?

Back

As a condition within rental agreements

5.

FLASHCARD QUESTION

Front

What type of risks does farm insurance address that homeowners insurance does not?

Back

Crop failure and livestock disease

6.

FLASHCARD QUESTION

Front

Why might Grace purchase windstorm insurance?

Back

To cover damage from hurricanes

7.

FLASHCARD QUESTION

Front

What is typically NOT covered by windstorm insurance? Options: Flood damage from storm surges, Damage to detached structures, Damage to personal belongings, Roof damage from a hurricane.

Back

Flood damage from storm surges

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