Question 1

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Decreasing the amount of deductibles will [increase | decrease] your insurance premiums.

Accepted Answer

Decreasing the amount of deductibles means that you are assuming more risk, so insurance companies will increase your premiums to compensate for that increased risk.

Question 2

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Uninsured motorist insurance is quite [expensive | inexpensive].

Accepted Answer

Uninsured motorist insurance is typically inexpensive compared to other types of car insurance coverage.

Question 3

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-If you hit a deer with your car,payment will come from your [collision | comprehensive] protection.

Accepted Answer

Hitting a deer falls under the category of comprehensive coverage, which covers damage to a vehicle caused by incidents other than collisions, such as theft, vandalism, and natural disasters. Collision coverage, on the other hand, covers damage to a vehicle caused by collisions with other cars or objects.

Question 4

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The insurance company [will | will not] provide liability coverage if your dog bites the neighbor.

Accepted Answer

"Will" is the correct choice because it indicates that the insurance company will provide liability coverage in this scenario. "Will not" would indicate that they will not provide coverage. "If neither item will correctly complete the statement" is not applicable as one of the options is correct.

Question 5

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-A renters' policy typically [does | does not] provide protection against liability claims.

Accepted Answer

A renters' policy typically does provide protection against liability claims, as it covers the policyholder for damages or injuries they may be held liable for, such as if someone is injured on their rented property.

Question 6

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-[Most | Few] tenants carry renters insurance.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 7

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-To save HO insurance premiums,experts recommend that you should decrease your [deductible | liability coverage].

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 8

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-If your furniture in your rented apartment is destroyed by a fire,it [would | would not] be covered by your landlord's policy.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 9

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-During your lifetime,you are more likely to be sued for negligence as a result of owning a [car | home].

Accepted Answer

Owning a car typically involves more interactions with the public and potential for accidents, making it more likely to be sued for negligence compared to owning a home.

Question 10

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Automobile medical insurance is designed to pay for injuries to the [driver of your car | members in the car you hit].

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 11

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The factor that is likely to have the greatest effect on your automobile insurance is your [driving record | address].

Accepted Answer

Your driving record is a more direct indicator of your risk level as a driver and therefore is more likely to affect your automobile insurance rates than your address.

Question 12

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Buying collision and comprehensive auto insurance from the dealer selling you the car is considered to be a [good | bad] idea.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 13

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The personal property of your [boarder | visiting mother-in-law] would be covered by your HO policy.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 14

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-If you are sued,the liability portion of your property insurance [must | has no obligation to] defend you.

Accepted Answer

The liability portion of your property insurance must defend you if you are sued, as it is designed to cover legal defense costs and any settlements or judgments against you.

Question 15

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Medical payments coverage [would | would not] pay for the medical bills of passengers in your car who are not related to you.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 16

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Your $10,000 stamp collection would be best protected under [your HO policy | a personal property floater].

Accepted Answer

A personal property floater is specifically designed to provide additional coverage for high-value items that may not be fully covered under a standard homeowners policy. In this case, a $10,000 stamp collection would likely exceed the limits of coverage for personal property under a typical homeowners policy, making a personal property floater the better option for protecting the collection.

Question 17

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The theft of your favorite jacket from your locked car [would be | would not be] taken care of by your renter's policy.

Accepted Answer

"Would not be" would be the incorrect choice as theft from a car is generally not covered under a renter's policy. Therefore, "would be" is the correct choice to indicate that the theft of the jacket would be taken care of by the renter's policy.

Question 18

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Sally drove Jessie's car to the mall and was involved in an accident that was her fault.The primary auto insurance that will cover this accident is [Sally's | Jessie's].

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 19

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Most insurance companies [will | will not] offer good student discounts on car insurance premiums.

Accepted Answer

"Will" is the correct choice as it indicates that most insurance companies offer good student discounts on car insurance premiums. "Will not" would suggest that they do not offer such discounts.

Question 20

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The type of car you drive will have [no | a large] effect on the premiums you pay.

Accepted Answer

Using "no effect" would imply that the type of car has no impact on insurance premiums, which is incorrect. Therefore, the correct choice is "a large effect" as the type of car is one of the main factors insurance companies consider when calculating premiums.

Quiz 10: Protecting Your Property

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Decreasing the amount of deductibles will [increase | decrease] your insurance premiums.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Uninsured motorist insurance is quite [expensive | inexpensive].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -If you hit a deer with your car,payment will come from your [collision | comprehensive] protection.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The insurance company [will | will not] provide liability coverage if your dog bites the neighbor.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -A renters' policy typically [does | does not] provide protection against liability claims.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -[Most | Few] tenants carry renters insurance.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -To save HO insurance premiums,experts recommend that you should decrease your [deductible | liability coverage].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -If your furniture in your rented apartment is destroyed by a fire,it [would | would not] be covered by your landlord's policy.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -During your lifetime,you are more likely to be sued for negligence as a result of owning a [car | home].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Automobile medical insurance is designed to pay for injuries to the [driver of your car | members in the car you hit].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The factor that is likely to have the greatest effect on your automobile insurance is your [driving record | address].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Buying collision and comprehensive auto insurance from the dealer selling you the car is considered to be a [good | bad] idea.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The personal property of your [boarder | visiting mother-in-law] would be covered by your HO policy.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -If you are sued,the liability portion of your property insurance [must | has no obligation to] defend you.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Medical payments coverage [would | would not] pay for the medical bills of passengers in your car who are not related to you.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Your $10,000 stamp collection would be best protected under [your HO policy | a personal property floater].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The theft of your favorite jacket from your locked car [would be | would not be] taken care of by your renter's policy.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Sally drove Jessie's car to the mall and was involved in an accident that was her fault.The primary auto insurance that will cover this accident is [Sally's | Jessie's].

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Most insurance companies [will | will not] offer good student discounts on car insurance premiums.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -The type of car you drive will have [no | a large] effect on the premiums you pay.