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WorksheetsPF: Chapter 9 Lesson 3 Homeowners and Renters Insurance
Total questions: 10
Worksheet time: 5mins
What is one of the worst risks you could take with homeowners insurance?
Not buying enough coverage
Not having personal property coverage
Buying too much coverage
Not having liability coverage
What does dwelling coverage in a homeowners insurance policy cover?
The structure of the home
Additional living expenses
Personal belongings
Liability expenses
What does liability coverage in a homeowners insurance policy protect you from?
Legal liability of property damage or bodily injury
Cost of rebuilding the home
Additional living expenses
Loss of personal belongings
What does personal property coverage in a homeowners insurance policy cover?
Liability expenses
Personal belongings if they are damaged, destroyed, or stolen
The structure of the home
Additional living expenses
What does loss of use coverage in a homeowners insurance policy cover?
Liability expenses
Additional living expenses if unable to live in the home
Personal belongings if they are damaged, destroyed, or stolen
The structure of the home
What is the average annual cost of homeowners insurance?
$1,885
$833
$1,211
$180
What does renters insurance provide coverage for?
Liability expenses
Additional living expenses
The structure of the home
Personal possessions lost to fire, theft, or vandalism
What is the average cost of renters insurance per year?
$180
$1,211
$833
$1,885
What is umbrella insurance?
Extended liability coverage that can be added to auto and homeowners policies
Coverage for additional living expenses
Coverage for the structure of the home
Coverage for personal possessions lost to fire, theft, or vandalism
What does umbrella insurance provide coverage for?
Additional living expenses
Big claims and lawsuits that may not be covered by other policies
Liability expenses
Personal possessions lost to fire, theft, or vandalism
