Insurance Knowledge Quiz

Insurance Knowledge Quiz

Assessment

Flashcard

Business

Professional Development

Hard

Created by

Eddie Emmett

FREE Resource

Student preview

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28 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a key difference between mobile and modular home insurance?

Back

A) Modular homes are built on a permanent foundation and can be insured with a standard homeowner’s insurance policy

2.

FLASHCARD QUESTION

Front

What is the significance of June 15, 1976, in the context of mobile homes?

Back

B) It marks the date when new federal building and safety standards for manufactured homes were implemented

3.

FLASHCARD QUESTION

Front

Which coverage option reimburses you the cost of buying a new item of similar type and quality without depreciation?

Back

C) Replacement Cost Coverage

4.

FLASHCARD QUESTION

Front

What is a common requirement for insuring a mobile or manufactured home?

Back

B) It must be placed on a concrete or cinderblock foundation

5.

FLASHCARD QUESTION

Front

Which of the following is a method to complement the financial protection insurance provides for valuable items?

Back

C) Investing in security measures for your home

6.

FLASHCARD QUESTION

Front

What should you do to get started with PAF coverage?

Back

B) Make a list of your valuable items, assign them a value, and gather appraisals or receipts

7.

FLASHCARD QUESTION

Front

What does a standard RV insurance policy cover?

Back

B) Direct and accidental physical damage, including permanently installed accessories

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