Insurance

What information is NOT typically listed on an insurance policy?

• Name of person or property being insured

• Actual Cash Value of the property being insured

• Deductible amounts

• The policy period

A form of property insurance, available to property owners, that covers losses to the physical structure as well as to their personal property and protects the insured person from liability claims is known as what type of insurance?

• Homeowners Insurance

• Auto Insurance

• Health Insurance

• Renters Insurance

Which type of insurance shown here is likely the LEAST appropriate for a single, working, 24-year-old?

• Health insurance

• Disability insurance

• Billy missed 16 straight questions on the review

• Auto insurance

The federal agency that oversees insurance companies is

• The Federal Trade Commission

• The Department of Transportation

• The Consumers Union

• Insurance companies are regulated on a state-by-state basis

What role does insurance play in financial planning?

• It guarantees that income and assets are protected

• It helps build and maintain one's credit score

• It helps cover day-to-day expenses

• It grows in value and appreciates over time

The FDIC insured deposit limit is

Which of the following would be covered under a renter's insurance policy?

• Damage to the exterior of the property

• Medical bills of another person who is injured on the property

• Kyle's Army Outfit

• Damage to a detached shed on the property

The out of pocket cost to the insured when a loss occurs is called...

• Premium

• Deductible

• Insurance

• A real bummer

What is the chance of something happening or not happening within a certain number of occurrences?

• Life

• Probability

• Statistics

• Monopoly

Which insurance coverage is required by law?

• Homeowners insurance

• Auto insurance

• Piggy Bank Insurance

• Disability insurance