Homeowner's and Renter's Insurance

Which of the following protects your dwelling, personal possessions AND personal liability

• Renter's Insurance

• Liability Insurance

• Homeowner's Insurance

• Nothing will replace your personal items

You can pay extra premium to have personal belongings valued at the cost to buy them new if you opt to purchase

• Depreciated value coverage

• Actual cash value coverage

• Replacement cost coverage

• Dog bite coverage

What kind of insurance will protect your computer is you have it stolen from you in the airport?

• Renter's insurance

• No insurance will help you- you're out of luck!

• Mom and Dad Replacement plan

• Homeowner's insurance

Which of the following is not covered in a typical homeowner's policy?

• Tornado

• Fire

• Flood

• Somebody falls and is injured on your property

You and your friend are moving furniture into your apartment and you accidentally drop the sofa on his foot and break it (his foot, not the sofa). What coverage will cover his income due to missed work?

• Property insurance

• Medical payments from your renter's policy

• Liability insurance from your renter's policy

• Nothing, I'll have to pitch in.

If your friend accidentally walks through your sliding glass door and breaks the glass (he is okay), your renter's insurance will pay for the damage.

• True

• False

If you leave the water on in your apartment and you flood the downstairs neighbor's apartment, the landlord's homeowner's policy will cover the damage.

• True

• False

The reason why your homeowner's policy (after a fire) only pays you $500 for your destroyed 5- yr. old $2000 sofa, is because

• The sofa has depreciated in value

• The insurance company are cheapskates.

• You have full replacement cost coverage

• I have renter's insurance and not a true homeowner's policy.

If you renovate or remodel your home, you need to notify your homeowner's insurance company of any improvements because

• If the value has increased, you should increase your coverage limits

• The insurance companies will not cover your dwelling at all if you do not.

• The company will cancel your policy if you do not

• The insurance company is nosey.

Choose ALL that apply: When getting renter's or homeowner's insurance, you should

• shop around

• list all valuable items you have in your home

• take pictures of valuable items

• keep receipts of valuable items if you still have them