4.02 Got It Covered Quiz

A lightning strike at Troy’s home damages his TV and DVD player. What type of coverage?

• Homeowner's

• Property Damage Liability

ABC Insurance Inc. advises Katie that she cannot take out a policy on Brad Pitt. What is ABC considering?

• Insurance Fraud

• Insurable Interest

Adam’s job is deciding if the insurer will accept a risk and what the cost will be. Adam is a(n)?

• Underwriter

• Insured

Amy decides not to purchase a new car because insurance is so expensive. Amy is considering?

• Whole Life

• Risk management

Cheetum’s Body Shop added false items to the repair bill for Chris’s pick up.

• Insurance fraud

• Uninsured and Under-insured Motorist

Janet hit a car and someone was hurt. This covers the medical expenses.

• Bodily Injury Liability

• Medical Payments

Keith let the auto insurance policy lapse and rear-ended Ann’s truck today.

• Collision

• Uninsured and Underinsured Motorist

Missy owes for damage to John’s car because she hit him while talking on her cell. What type of liability?

• Property Damage Liability

• Bodily Injury Liability

Monica’s life insurance costs more but includes a savings component. What type of coverage?

• Premium

• Whole Life

Pat insures his business partner, Chuck, with a $1 million life insurance policy.

• Joint Insurance

• Insurable interest