Insurance Knowledge Quiz

What does the HO-1 basic form protect against?

• Pest infestations

• Nuclear accidents

• Floods and earthquakes

• Fire, lightning, and theft

Which form of homeowners insurance is specifically designed for renters?

• HO-4

• HO-1

• HO-2

• HO-3

What is the main purpose of homeowners insurance?

• To protect against identity theft

• To insure your vehicle

• To cover travel expenses

• To provide coverage for the building in which you live

What type of insurance covers medical expenses for people injured in one's car?

• Collision Insurance

• Property Damage Liability

• Medical Payments Coverage

• Comprehensive Physical Damage

What does the HO-5 comprehensive form provide?

• Coverage only for fire and theft

• Open peril coverage for both the dwelling and personal property

• Coverage for condominium owners

• Coverage for renters

What is a deductible in insurance terms?

• The amount you pay before insurance kicks in

• The total premium amount

• The amount paid by the insurance company

• The cost of filing a claim

What does collision insurance cover?

• Theft of personal property

• Medical expenses for injuries

• Natural disasters

• Damage to your vehicle in an accident

What is the purpose of uninsured motorist protection?

• To cover vehicle theft

• To cover injuries caused by a driver with inadequate insurance

• To cover legal fees

• To cover property damage

What is the main feature of term life insurance?

• Includes investment options

• Covers your life for the entire time you are living

• Does not expire

• Covers your life for a certain time period

What does property damage liability cover?

• Damage to the property of others

• Damage to your own vehicle

• Medical expenses

• Legal fees