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WorksheetsCar and Property Insurance
Total questions: 20
Worksheet time: 10mins
Doesn’t matter who was at fault, if you’re in a car accident and need your injuries paid for, I’m there for you. Simple as that. However, anything beyond your injuries and I can’t help you. What type of coverage am I?
Liability
Collision
Comprehensive
Un/Under -Insured Motorist
Personal Injury (Medical Pmts)
Stephen is slowing down as he approaches a red light. He is looking in his mirror to switch lanes and misjudges how close Keisha’s car is, rear-ending her car. When they get out and assess the damage, Keisha’s bumper will need to be replaced. What type(s) of coverage would Stephen need to cover this accident?
Liability
Collision
Comprehensive
Un/Under -Insured Motorist
Personal Injury (Medical Pmts)
Your car is sitting in the driveway and the neighbor girl rides her bike into the side of it and creates a dent in your car. What type(s) of coverage do you need for damages to your vehicle?
Liability
Collision
Comprehensive
Un/Under -Insured Motorist
Personal Injury (Medical Pmts)
If you lease or finance a vehicle, most lenders require you to have full coverage insurance. This includes which types of coverage?
Liability
Collision
Comprehensive
Un/Under -Insured Motorist
Personal Injury (Medical Pmts)
Bernard is driving late at night down a narrow road when a deer runs across the road. Bernard doesn’t have time to avoid the deer and hits it. His windshield gets smashed and his bumper is partially ripped off, but Bernard is okay. What type(s) of insurance could Bernard use to cover this accident?
Liability
Collision
Comprehensive
Un/Under -Insured Motorist
Personal Injury (Medical Pmts)
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 grows in value and appreciates over time
it helps cover day-to-day expenses
Which of the following would be covered under a renter's insurance policy?
Medical bills of another person who is injured on the property
Damage to the exterior of the property
Damage to a detached shed on the property
Your roommate's personal belongings in the rental unit
What information is typically listed on an insurance policy? (hint: choose 3 correct answers)
Actual Cash Value of the property being insured
Name of person or property being insured
Deductible amounts
The policy period
True or False: Insurance is based on the concept of shared risk, or risk pooling.
True
False
Protects you against accidents in your home
Renters Insurance
Standard Fire Policy
Extended Coverage
Liability Protection Insurance
Homeowners Policy is a combination policy with different kinds of home protection
True
False
The most common causes of property damage or loss are (select all that apply)
Fire and Smoke
Windstorms/Hail and Personal Liability
Vandalism, Theft, and Riots
Damage from Vehicles and Broken Glass
Explosions and Volcanic Eruptions
Floods, Earthquakes, Landslides, Acts of War, and Nuclear Hazards are covered under Homeowners policies
True
False
Costs of property insurance depend on:
deductible
location
type of building
preventative measures
All of the above
It is recommended that you insure your home for ___% of its market value.
60%
70%
80%
90%
100%
