Insurance Review

Michael is having a party at her apartment and A GUEST trips over a lamp cord, falling and spraining their ankle. THE GUEST goes to the hospital and decides to file a claim against Shaili. Which of the following types of insurance would cover THE GUEST?

• Insurance will not cover this - Shaili will need to pay out of her own pocket
• Michael's renter’s insurance
• Michael's health insurance
• Michael's extended warranty on the lamp

Spencer rents a one bedroom apartment, and there is a fire caused by a faulty electrical outlet (for which he is not at fault). He does not have renter’s insurance. Which of the following will Spencer NOT be responsible for paying for?

• Cleaning out damaged wiring and replacing it with new wiring
• Purchasing new furniture for the living room (assuming he wants to replace his damaged furniture)  
• Replacing lost clothes, personal items, artwork
  

Brittany is having a party at her apartment and SHE trips over a lamp cord, falling and spraining her ankle. SHE goes to the hospital and decides she needs to file an insurance claim. Which of the following types of insurance would cover BRITTANY'S medical bills?

• Brittany’s renter’s insurance
• Brittany’s extended warranty on the lamp
• Brittany’s health insurance
• Insurance will not cover this - Sabrina will need to pay out of her own pocket

You decide to purchase renter's insurance. Which of these would NOT be covered by a standard policy?

• Your friend’s stitches, if she hits her head on your kitchen cabinet
• Your car, if it’s parked on the street outside your apartment
• Your laptop, if it’s stolen during a break-in
• Replacement clothes, if yours are burned in a dorm fire

If you hit a car parked on the street as you make a turn, what kind of coverage must you have to get the insurance company to cover the damage to the other car?

• Liability Coverage
• Comprehensive Coverage
• Collision Coverage
• “No-Fault" Insurance

Chuck scrapes his car along the wall of his own garage as he's backing out, and his friend, a car guy, estimates it would cost $650 to fix the dent and repaint the car. Chuck can paint his own garage wall. Chuck's deductible is $500, so he figures he'll file a claim and get insurance to pay the other $150, but his friend says that's a bad financial move. Why might his friend be right?

• Chuck isn’t allowed to file an insurance claim if the accident only involves his car and his property
• The auto-body shop will charge more if they know Chuck’s insurance is paying for it, which will cause his deductible to be higher
• If he reports the accident to his insurance, they’ll tell the police, and Chuck could be fined for reckless driving.
• It’s possible his insurance premium will increase, and that will cost him far more than $150 in the long run.

Which type(s) of auto insurance will cover YOUR medical bills if you are in a car accident involving other drivers.

• Liability insurance
• Uninsured/underinsured coverage
• Personal injury protection
• Both Uninsured/underinsured & Personal Injury protection

True or False: If you have insurance, and someone else is driving your car with your permission, you can't be at fault for any accidents they cause.

• True
• False

Which of the following is not a method for obtaining health insurance?

• Joining your parent's plan if you are under 26
• Buying directly from an insurance agent
• Shopping on the Health Insurance Marketplace
• Signing up at your doctor's office

A Platinum health insurance plan covers 90% of your medical costs; you pay only 10%. A Bronze health insurance plan covers 60% of your medical costs; you pay 40%. To explain the difference in coverage levels, which of the following is also likely true?

• The Platinum plan has no monthly premium, while the Bronze plan does
• The Platinum plan has a monthly premium and a deductible, while the Bronze plan has only a deductible (which is much higher than the Platinum plan's)
• The Platinum plan has a higher monthly premium than the Bronze plan
• The Platinum plan has a lower monthly premium than the Bronze plan