WorksheetsHome & Property Insurance Review
Total questions: 20
Worksheet time: 10mins
Covering large damage which an individual may not otherwise be able to cover is a benefit of __________.
Homeowner’s insurance
Flood insurance
Natural disaster insurance
Comprehensive international insurance
Extremely valuable personal property can be insured by purchasing which of the following types of insurance?
Additional replacement cost coverage
Dwelling coverage
Personal property floater
Green home coverage
Select the correct answer from the choices provided in the underlined sections. Homeowner’s insurance / Specialized coverage covers losses from floods or earthquakes and must be purchased separately from the original policy.
Homeowner’s insurance
Specialized coverage
Which of the following types of insurance pays the costs of minor accidental injuries to visitors of the policyholder’s home?
Umbrella policy
Medical payments coverage
Hospital indemnity plan
Universal life insurance
Select the correct answer from the choices provided in the underlined sections. Renter’s insurance is necessary because renters are not covered by their landlord’s policy unless the renter / landlord is found liable for the damage.
Renter
Landlord
Which of the following is a type of renter’s insurance?
HO-1
HO-3
HO-4
HO-5
Select all of the following incidents which an HO-1 policy protects against.
Damage from vehicles
Hail
Lightning
Weight of snow
Select all of the following factors which affect home insurance prices.
Coverage amount
Home location
Homeowner’s income
Structure of the home
Mortgage protection life insurance is a policy designed specifically to repay mortgage debt in the event of the death of the borrower.
True
False
Felix’s home is less than 10 feet from the nearest water hydrant. As a result, his insurance costs less than those living further away. Which of the following factors are affecting Felix’s home insurance costs?
Type of structure
Location
Coverage amount
Policy type
Insurance rates are lower in high-crime areas.
True
False
Supplemental insurance is also known as “portable” insurance.
True
False
A new home is more difficult to insure than an old one.
True
False
Jennifer owns a wood home and pays higher insurance rates than her neighbor, who owns a brick home. Which of the following factors are affecting Jennifer’s home insurance costs?
Type of structure
Location
Coverage amount
Policy type
Select all of the following agencies where specialized coverage may be purchased.
Family Emergency Rights and Prevention Agency
Federal Emergency Management Agency
National Flood Insurance Program
National Mine Subsidence Recovery Fund
Which of the following refers to the fact the policyholders are held responsible for any accident which occurs on their property?
Coverage amount
Specialized coverage
HO-1
Personal liability
Homeowner’s insurance covers floods and frozen pipes.
True
False
Which of the following types of personal liability insurance options supplements the policyholder’s personal liability coverage to protect against personal catastrophe?
Umbrella policy
Medical payments coverage
Bodily injury liability
Collision insurance
__________ is coverage which provides protection for a home and its associated financial risks.
Home & Property
Which of the following is a type of renter’s insurance specifically for condominiums?
HO-4
HO-5
HO-6
HO-7
