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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.
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.
4.
Which of the following is a good way to keep your auto insurance rate as low as possible?
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All of the above. All the above are good ideas.
5.
Who can purchase homeowners insurance for their home and personal property?
Choose wisely. There is only one correct answer.
All of the above. You do not need to be a homeowner to have this form of insurance.