PLE Unit 8 Home and Auto

What are the benefits renting housing?

• Renting a home allows for more flexibility and mobility.

• Owning a home has lower monthly payments compared to renting.

• Renting a home allows for building equity over time.

• Owning a home requires less financial responsibility compared to renting.

What are the benefits of property insurance?

• Property insurance covers all property and possessions.

• Property insurance has low monthly premiums.

• Property insurance protects the owner from lawsuits.

• Property insurance does not require deductibles.

Which of the following is a cost of owning a home?

• Less mobility compared to renting.

• No financial responsibility compared to renting.

• No maintenance or upkeep costs on the property.

• Ability to make renovations and alterations to the property.

Of the four parts of auto insurance coverage, which part protects only the other person involved in an accident?

• Liability
• Comprehensive
• Collision
• Medical Payments/Bodily Injury

Of the four parts of auto insurance coverage, which part will pay for repairing your car?

• Liability
• Comprehensive
• Collision
• Medical Payments/Bodily Injury

What's covered by a renters insurance policy?

• Theft

• Vandalism

• Fire

• All of the above

Renters insurance personal property coverage does not include which of the following?

• Clothing

• Furniture

• Automobiles

• Electronic Equipment

The amount you pay for an insurance policy.

• Rider
• Premium
• Deductible
• Co-Pay

The amount of money you have to pay out of your own pocket before the insurance pays is called the _____________

• Premium
• Estimate
• Deductible
• Co-Pay

Which of the following does NOT effect the cost of your car insurance?

• Your Age

• Gender

• Driving Record

• Drivers Test Score