
Bus fin 101
Flashcard
•
Business
•
University
•
Practice Problem
•
Medium
Fallice Minor
Used 3+ times
FREE Resource
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20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What are the common elements that result in higher home insurance policy costs?
Back
location,
property value,
age,
condition of the home,
coverage limits,
deductible amounts,
and risk factors,
natural disasters,
poor construction.
2.
FLASHCARD QUESTION
Front
What are types of property not covered by home owner’s insurance?
Back
land,
vehicles,
business property,
rental properties,
flood or earthquake damage,
government-seized property,
certain types of watercraft or recreational vehicles.
3.
FLASHCARD QUESTION
Front
What coverage is common in a personal liability umbrella policy?
Back
bodily injury,
property damage,
personal injury,
excess liability beyond primary policies,
such as auto and homeowners insurance.
4.
FLASHCARD QUESTION
Front
What are the common parts of a comprehensive automobile policy?
Back
bodily injury,
property damage,
personal injury,
excess liability beyond primary policies, such as auto and homeowners insurance.
5.
FLASHCARD QUESTION
Front
What are the common parts of a comprehensive automobile policy?
Back
liability coverage,
collision coverage,
comprehensive coverage,
personal injury protection,
uninsured/underinsured motorist coverage,
providing financial protection for damages,
injuries,
legal liabilities.
6.
FLASHCARD QUESTION
Front
What does the term “negligence” address in insurance coverage?
Back
a person's failure to exercise reasonable care or caution,
resulting in harm or damage to others,
which can lead to liability claims and insurance payouts.
7.
FLASHCARD QUESTION
Front
What types of liability a personal automobile policy cover?
Back
bodily injury liability,
property damage liability,
personal injury liability,
protecting policyholders from financial losses due to accidents or injuries.
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