Vehicle and Property Insurance - Chapter 34 (I2BUS)

All drivers must have bodily injury liability insurance.

• True

• False

The type and amount of protection you have with an insurance policy depends on where you live.

• True

• False

Vehicle insurance laws are federal laws and are uniform throughout the continental US.

• True

• False

The two types of property you can insure are real property and personal property.

• True

• False

Property damage liability insurance covers damage to the policyholder's vehicle.

• True

• False

Insurance costs include:

• Deductibles

• Premiums

• Claims

• All of the Above

Homeowners policies offer protection from:

• Fire

• Riots

• Civil Commotion

• All of the Above

A financial responsibility law:

• Makes insurance companies responsible for paying claims

• Requires drivers to pay for any damage or injuries that cause in an accident

• Makes the person responsible for the accident to pay all deductibles

• Makes policyholders pay for their premiums on time

A house is considered:

• Real Property

• Personal Property

• Community Property

• Family Property

A rider to a policy is:

• A liability

• An addition to cover specific property or damage

• An exclusion to coverage

• An agent's fee