WorksheetsHomeowners Insurance
Total questions: 10
Worksheet time: 5mins
What is homeowners insurance?
A form of property insurance that covers damage to you car.
where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.
A form of property insurance that covers losses and damages to an individual's house.
insurance that covers the whole or a part of the risk of a person incurring medical expenses
What would homeowners insurance cover?
Earthquakes
Assets from the property
Flood
Fire
Why would you get homeowners insurance?
Required by state
Wanting peace of mind
Required by mortgage lender
All of the above
Who needs homeowners insurance?
A new car owner
A new homeowner
Someone that just had a spouse die
Someone that just broke their leg
Homeowners insurance covers termite damage
True
False
Homeowners insurance is required to get a mortgage.
True
False
What is the average cost of homeowners insurance per year?
$2,153
$1,000
$3,000
$2,500
Homeowners insurance covers flood damages.
True
False
Why would you get homeowners insurance?
Peace of mind
Required by law
Required by mortgage lender
All of the above
Homeowners insurance covers water backup?
False
True
