Test your knowledge

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1.
Which of the following is a good way to keep your auto insurance rate as low as possible?
Choose wisely. There is only one correct answer.
All of the above. All the above are good ideas.
2.
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.
3.
A mortgage company may require you to buy separate _______ insurance in addition to your regular property insurance.
Choose wisely. There is only one correct answer.
Flood. If you live in an area prone to floods, your mortgage company may require you to buy separate flood insurance in addition to your regular property insurance.
4.
Which type of insurance covers ones home, the real property, and the personal property in it, as well as adjacent structures like a garage or shed, and also provides liability insurance in case somebody is injured on the property?
Choose wisely. There is only one correct answer.
Comprehensive homeowners insurance. This breadth of coverage is why it is called comprehensive.
5.
Identity theft insurance will cover any amounts that are stolen from your bank accounts if your identity is stolen.
Choose wisely. There is only one correct answer.
False. Identity theft insurance covers the money you spend to restore your identity, not amounts stolen during an identity theft incident.