Personal Administration - Test 3

What is the purpose of RENTERS insurance?

• Protects the tenant’s personal proper and provides liability coverage

• Protects against financial loss of the vehicle and property, medical coverage and liability.

• Protects the structure and contents of the home, along with liability coverage

• Helps pay for medical care — surgery, preventative, medication, exams, etc.

What is the purpose of HOMEOWNERS insurance?

• Protects the tenant’s personal proper and provides liability coverage

• Protects against financial loss of the vehicle and property, medical coverage and liability.

• Protects the structure and contents of the home, along with liability coverage

• Helps pay for medical care — surgery, preventative, medication, exams, etc.

What is the purpose of MEDICAL insurance?

• Protects the tenant’s personal proper and provides liability coverage

• Protects against financial loss of the vehicle and property, medical coverage and liability.

• Protects the structure and contents of the home, along with liability coverage

• Helps pay for medical care — surgery, preventative, medication, exams, etc.

What is the purpose of AUTO insurance?

• Protects the tenant’s personal proper and provides liability coverage

• Protects against financial loss of the vehicle and property, medical coverage and liability.

• Protects the structure and contents of the home, along with liability coverage

• Helps pay for medical care — surgery, preventative, medication, exams, etc.

A DEDUCTIBLE is a specified amount of money that the insured must pay before an insurance company will pay the claim.

• True

• False

What is the purpose of DISABILITY insurance?

• Designed to replace your income if you become disabled and cannot work

• Protects against financial loss of the vehicle and property, medical coverage and liability.

• Protects the structure and contents of the home, along with liability coverage

• Helps pay for medical care — surgery, preventative, medication, exams, etc.

What is the purpose of LIFE insurance?

• Designed to replace your income if you become disabled and cannot work

• Protects against financial loss of the vehicle and property, medical coverage and liability.

• Provides a benefit in the case of death. It is designed to replace an income stream

• Helps pay for medical care — surgery, preventative, medication, exams, etc.

What factors influence the cost of premiums for LIFE insurances?

• Value of personal property, amount of liability coverage

• Age, gender, medical history

• Value of home, age, lifestyle, plan category

What factors influence the cost of premiums for RENTERS insurances?

• Value of personal property, amount of liability coverage

• Age, gender, medical history

• Value of home, age, lifestyle, plan category

What factors influence the cost of premiums for HOMEOWNERS insurances?

• Value of personal property, amount of liability coverage

• Age, gender, medical history

• Value of home, age, lifestyle, plan category