Homeowners Insurance

An organized plan for protecting yourself, your family and your property.

• Risk sharing

• Risk management

• Cost reduction

• Price Gouging

Not participating in certain actions or activities to completely avoid risks.

• Risk Avoidance

• Risk management

• Risk sharing

• Risk Maintenance

Buying things or participating in certain activities regardless of the risks involved

• Risk assumption

• Risk managment

• Risk sharing

• Risky behavior

Which of the following is NOT a step to planning an Insurance Program

• Set insurance goals

• Develop a Plan

• Review Results

• Cancel Policies

Anything that may possibly cause a loss

• Danger

• Peril

• Risk

• Threat

Anything that increases the likelihood of loss through peril

• Shame

• Hazard

• Carelessness

Failure to take ordinary or reasonable care to prevent accidents from happening

• Negligence

• Laziness

• Bad homeownership

How many basic areas of Homeowners coverage are there?

• 1

• 2

• 5

• 8

Which of the following is NOT covered under the buildings and other structures section of your homeowners policy?

• Your home

• Your carport

• Your shed

• Your car

Additional Living Expenses covers which of the following?

• Hotel costs if your home is uninhabitable

• Your sister's medical bills

• Your water heater exploding

• Theft