Insurance Review

Front

What is a standard homeowner's insurance policy?

Back

A standard homeowner's insurance policy provides coverage for damage to the home, theft of personal belongings, and liability for injuries to guests on the property.

Front

What is NOT covered by a standard homeowner's insurance policy?

Back

Damage to a car parked in the driveway is not covered by a standard homeowner's insurance policy.

Front

What type of auto insurance is required in almost every state?

Back

Liability insurance is required in almost every state, covering injury to another person.

Front

What is an insurance premium?

Back

An insurance premium is your monthly payment to your insurer, regardless of whether you use any services.

Front

What does liability insurance cover?

Back

Liability insurance covers damages you cause to another person's property or injuries to another person.

Front

What is collision insurance?

Back

Collision insurance covers damage to your own vehicle resulting from a collision with another vehicle or object.

Front

What is comprehensive insurance?

Back

Comprehensive insurance covers damage to your vehicle from non-collision events, such as theft, vandalism, or natural disasters.

Front

What is a deductible in insurance?

Back

A deductible is the amount you pay out-of-pocket before your insurance coverage kicks in.

Front

What factors can affect your car insurance premium?

Back

Factors include your age, driving record, and how many miles you drive per year.

Front

What is the purpose of insurance?

Back

The purpose of insurance is to provide financial protection against potential future losses or damages.