Property Insurance

What is property insurance?

• a sum of money to an insurer when the insured dies

• a sum of money to an insurer when the insured dies

• limit the liability you may face in an auto accident, damage, loss, etc

• provides coverage for property owners and renters

Property insurance is required by law for anyone who owns property

• True

• False

Property insurance does not cover...

• Tsunami

• Theft

• Floods

• Earthquake

Which one of these insurance is not an option

• Real Estate Property Insurance

• Condo/Co-op Insurance

• Mobile Home Insurance

• Landlord Insurance

What is a deductible?

• a percentage deducted from your monthly insurance expenses for a period

• sum you pay to health care service before your insurance plan starts to pay

• discount from insurer with the insurnace plan choosen from you w/ interest

• lesser amount you pay to insurance company before you pay the total

Izzy's house was destroyed by fire caused from another neighbor's house burning. What insurance type is this?

• Homeowner's insurance

• Flooding insurance

• Structure insurance

• Dwelling insurance

Personal umbrella policy, homeowner's and renter's insurance policy may cover a dog bite liability

• True

• False

Personal umbrella policy protects you when standard insurance won’t help.

• True

• False

Earthquake insurance can provide coverage for bodily injuries

• True

• False

Ray's valuable crystal collection was stolen what type of insurance cover this loss?

• Personal collection

• Homeowner's insurance

• Belonging insurance

• Tenant insurance