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Q 1/10
Score 0
Insurance is frequently described as a method of "sharing the risk" because the:
30
Risk of loss is shared with the government
Risk of loss is shared with the insurance company sales person
Insured shares the risk of loss with all the other policy holders
nsured can share the risk by spreading the cost over a number of years
Q 2/10
Score 0
Legal Financial responsibility to others is
30
Risk
Liability
Negligence
Credit
10 questions
Q.
Insurance is frequently described as a method of "sharing the risk" because the:
1
30 sec
Q.
Legal Financial responsibility to others is
2
30 sec
Q.
Flood and Earthquake are standard (regular) features of homeowner's insurance.
3
30 sec
Q.
A person buys an expensive flat screen, plasma, theater-like television. The person has homeowner?s insurance. Why would it be appropriate to add a personal property floater to that insurance?
4
30 sec
Q.
If your insurance policy has a low premium, then usually the deductible will be low.
5
30 sec
Q.
In insurance, anything that may possibly cause a loss is known as a
6
60 sec
Q.
The method by which an insurance company payment is based on the full cost of repairing or replacing an item.
7
60 sec
Q.
A person buys a homeowner's insurance policy with a $250 deductible, which means the person will
8
60 sec
Q.
Installing fire extinguishers, smoke detectors or security systems in your home is an example of
