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Basics Beginner: Property and Auto Insurance

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1.
Which of the following is a way to keep your auto insurance rate down?
Choose wisely. There is only one correct answer.
Reduce your collision coverage on older, less-valuable vehicles.
2.
Which of the following is likely to be covered by a homeowners insurance policy?
Choose wisely. There is only one correct answer.
Fire damage. The others are "acts of God" and are therefore unlikely to be covered.
3.
Who can purchase homeowners insurance for their home and personal property?
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All of the above. You do not need to be a homeowner to have this form of insurance.
4.
Which of the following does a gap insurance policy cover on a vehicle?
Choose wisely. There is only one correct answer.
The difference between the loan balance and the cash value of the vehicle. That is the meaning of the "gap."
5.
In what areas of the country is earthquake insurance likely to be the most expensive?
Choose wisely. There is only one correct answer.
Near the coasts where earthquakes tend to occur the most frequently. The areas of the country that are most likely to have expensive earthquake insurance are near the coasts where earthquakes tend to occur the most frequently.