Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
In what areas of the country is earthquake insurance likely to be the most expensive?
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.
2.
Which of the following is a way to keep your auto insurance rate down?
Reduce your collision coverage on older, less-valuable vehicles.
3.
Who can purchase homeowners insurance for their home and personal property?
All of the above. You do not need to be a homeowner to have this form of 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?
Comprehensive homeowners insurance. This breadth of coverage is why it is called comprehensive.
5.
A mortgage company may require you to buy separate _______ insurance in addition to your regular property insurance.
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.