Insurance Bell Ringer 3

Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company pay?

• $0

• $200

• $800

• $1,000

A standard renters insurance policy would cover each of the following EXCEPT…

• A small TV and some sneakers, stolen in a robbery

• A new window when a baseball breaks the original one

• A lawsuit brought when a visitor hits their head on a low hanging light fixture

• A week of hotel reservations when the tenant has to move out due to fire damage

Finn moves from a rented apartment into his very first house. What should he expect regarding the cost of homeowners insurance compared to renters insurance?

• He will not need homeowners insurance, because owning a home is less risky than renting

• His homeowners insurance will be LESS expensive than his renters insurance was

• His homeowners insurance will be the same cost as his renters insurance was

• His homeowners insurance will be MORE expensive than his renters insurance was

A standard renters insurance policy would cover each of the following EXCEPT…

• A small TV and some sneakers, stolen in a robbery

• A new window when a baseball breaks the original one

• A lawsuit brought when a visitor hits their head on a low hanging light fixture

• A week of hotel reservations when the tenant has to move out due to fire damage

Finn moves from a rented apartment into his very first house. What should he expect regarding the cost of homeowners insurance compared to renters insurance?

• He will not need homeowners insurance, because owning a home is less risky than renting

• His homeowners insurance will be LESS expensive than his renters insurance was

• His homeowners insurance will be the same cost as his renters insurance was

• His homeowners insurance will be MORE expensive than his renters insurance was