Abigail has a renters insurance policy with a coverage limit of $25,000. While she’s on vacation a fire breaks out, ruining $9,000 worth of possessions before the fire department puts it out. Her deductible is $500. How much will Abigail and the insurance company each pay?
Homeowner's and Renters Insurance

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium

Rebecca Bates
Used 12+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Abigail pays $0, while the insurance company pays $500
Abigail pays $0, while the insurance company pays $9,000
Abigail pays $500, while the insurance company pays $8,500
Abigail pays $500, while the insurance company pays $24,500
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the liability portion of a homeowners insurance policy meant to cover?
The cost of a lawsuit if someone sues you for injuries they got on your property
The cost of repairing the physical structure of your home
The cost of floods and earthquakes not covered by a standard policy
The cost of replacing personal property that you, yourself, damage within your home
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you rent your house, this is the type of insurance policy that provides payment to renters to cover the damage and loss of property in a rental unit in addition to liability losses.
renters insurance
homeowners insurance
automobile insurance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dwelling coverage does not generally cover which of the following:
tornado
fire
flood
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A deductible is . . .
the amount that the insurance company pays
the amount that the homeowner must pay
neither of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If someone falls on your property, does your homeowners insurance cover that?
yes
no
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The personal liability portion of your policy would protect against which one of the following?
A visitor falls down the steps in your home breaking an ankle
Someone breaks into your house and steals your tv.
You get sick on some bad food you ate a restaurant earlier in the day.
Your deck collapses
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