Homeowners Insurance Essentials

Choose the examples of when you think someone might need to use their homeowners insurance.

​ (a)   ​ (b)   ​ (c)  

• When buying a new car

• While traveling abroad

• When planting a garden

• When there's a flood
• When there's a fire
• When there's a burglary

Which of the following is typically covered by homeowners insurance?

• Theft of electronics

• Damage from a natural disaster

• Routine wear and tear

• Liability for visitor injuries

Which of the following is usually covered by insurance?

• Interior damage

• Pest control

• Routine maintenance

• Landscaping

Which of the following injuries is typically covered by insurance?

• Injury that occurs while on the property

• Injury during a sports event

• Injury while traveling abroad

• Injury at a public park

What will your insurer do if one of the covered events occurs?

• Deny the claim

• Compensate you

• Increase your premium

• Cancel your policy

What is the purpose of the insurance coverage mentioned in the document?

• To increase property value

• To provide legal advice

• To repair or rebuild your house

• To offer investment opportunities

Free Standing _________ might need separate coverage from the main house?

Which of the following is NOT listed as an item to report for insurance coverage?

• Clothing

• Furniture

• Garden tools

• Appliances

What does the text suggest about buying a house outright?

• It requires mandatory insurance.

• It does not require homeowners insurance.

• It is illegal without insurance.

• It is only possible with a bank loan.

What happens to your premium if you choose a higher deductible?

• It increases

• It decreases

• It stays the same

• It doubles