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Homeowners and Renters Insurance

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is the key difference between homeowners insurance and renters insurance?

a)

Homeowners insurance covers personal property, while renters insurance does not.

b)

Renters insurance covers liability, while homeowners insurance does not.

c)

Homeowners insurance covers the dwelling, while renters insurance does not.

d)

Renters insurance covers the dwelling, while homeowners insurance does not.

2.

What does dwelling coverage in homeowners insurance cover?

a)

Personal belongings

b)

Loss of use coverage

c)

Roof, walls, floors, etc.

d)

Liability coverage

3.

What type of coverage in homeowners insurance covers you if someone sues you after getting hurt while on your property?

a)

Loss of use coverage

b)

Liability coverage

c)

Personal property coverage

d)

Dwelling coverage

4.

What does personal property coverage in homeowners insurance cover?

a)

Loss of use coverage

b)

Liability coverage

c)

Personal belongings

d)

Roof, walls, floors, etc.

5.

What does loss of use coverage in homeowners insurance cover?

a)

Structure of the home

b)

Liability coverage

c)

Personal belongings

d)

Costs incurred while your house is being repaired

6.

What is the average cost of homeowners insurance per year?

a)

$800

b)

$2,000

c)

$500

d)

$1,200

7.

What does renters insurance cover?

a)

Liability coverage

b)

Personal belongings

c)

Dwelling

d)

Loss of use coverage

8.

How much is the average monthly cost of renters insurance?

a)

$15

b)

$150

c)

$1500

d)

$15000

9.

In some cases, what is a requirement to rent a place?

a)

Loss of use coverage

b)

Homeowners insurance

c)

Liability coverage

d)

Renters insurance

10.

What do homeowners insurance and renters insurance both have?

a)

Coverage for natural disasters

b)

Coverage for the structure of the home

c)

No coverage for personal belongings

d)

Deductibles