Home and Renters Insurance

Front

If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT...

Back

The cost of replacing damaged sections of the roof and any broken windows

Front

When discussing homeowners or renters insurance, what is a home inventory?

Back

A list of all of your possessions inside your home that you create ahead of time in case you ever need to file a claim.

Front

What is one way that homeowners insurance differs from renters insurance?

Back

Homeowners insurance will cover your physical structure (house, condo, etc.), but renters insurance does not.

Front

How many coverage bundles are in a standard homeowners insurance plan?

Back

Six

Front

Why is Amelia's logic flawed regarding renters insurance?

Back

In the case of a major burglary or fire, it can cost thousands of dollars to replace all the stolen or damaged items with new ones.

Front

Why is the declarations page of a homeowners insurance policy so important?

Back

It states all of your coverages bundles, limits, premiums, and deductibles in one location.

Front

What will Patricia's insurance company pay for her broken dishes? Options: Approximately $15, the current value of 8-year-old used dishware; A flat rate of $75, because that's what she originally paid; Whatever the current price is to replace all her broken dishes with ones equally nice to what she owned; Up to double the original cost, in this case $150 total.

Back

Whatever the current price is to replace all her broken dishes with ones equally nice to what she owned

Front

How much should Starling expect his insurance company to cover for a home ruined in a tornado with a replacement cost of $250,000, a premium of $125/month, a coverage limit of $200,000, and a deductible of $2000?

Back

$200,000

Front

Would a friend of a friend attending your Thanksgiving potluck dinner, who slips on spilled water and suffers a concussion, be covered by a standard policy?

Back

Both a standard homeowners and renters policy would cover this type of accident, typically.

Front

How much does the typical renter's insurance policy premium cost per month?

Back

Less than $30