Finance

The insurance company professional who assesses whether the loss is covered under your policy and ...

The insurance company professional who assesses whether the loss is covered under your policy and ...

The insurance company professional who assesses whether the loss is covered under your policy and assigns the dollar amount for a claim is called a(n)

▸ independent agent.

▸ underwriter.

▸ broker.

▸ claims adjuster.

zer0latency   58   1 Reply

skdiveelis

Documents you can use when you file a claim for losses include all of the following except

Documents you can use when you file a claim for losses include all of the following except

[html]Documents you can use when you file a claim for losses include all of the following except

▸ photographs of the items lost.

▸ a written description of the occurrence.

▸ receipts for the items lost.

▸

jshayneo   53   1 Reply

karatins

Larry Walsh and his wife suffered a fire in their home and initialized the claims process a week ...

Larry Walsh and his wife suffered a fire in their home and initialized the claims process a week ...

[html]Larry Walsh and his wife suffered a fire in their home and initialized the claims process a week ago. The adjuster assessed the loss and is prepared to write them a check for $100,000 today. Should Mr. Walsh accept the check?

▸ No, it is best

hurtmaybe   37   1 Reply

lewmyr

When you have a motor vehicle accident, you should do all of the following, except

When you have a motor vehicle accident, you should do all of the following, except

[html]When you have a motor vehicle accident, you should do all of the following, except

▸ waiting at the scene for an insurance adjuster.

▸ obtaining contact information for witnesses to the accident.

▸ ex

Cwds613   38   1 Reply

KP20131

Bill Writer was involved in an accident and wants to file a claim with his insurance company. Which ...

Bill Writer was involved in an accident and wants to file a claim with his insurance company. Which ...

[html]Bill Writer was involved in an accident and wants to file a claim with his insurance company. Which of the following is not a step in the claims process?

▸ Documenting losses

▸ Documenting the progress

jack bopp   63   1 Reply

hamusa4

An insurance agent who represents many different insurance companies is known as a(n)

An insurance agent who represents many different insurance companies is known as a(n)

An insurance agent who represents many different insurance companies is known as a(n)

▸ independent agent.

▸ registered agent.

▸ exclusive agent.

▸ captive agent.

usha   52   1 Reply

mkql12

An insurance agent who can only sell products for a specific insurer is known as a(n)

An insurance agent who can only sell products for a specific insurer is known as a(n)

An insurance agent who can only sell products for a specific insurer is known as a(n)

▸ registered agent.

▸ independent agent.

▸ direct agent.

▸ captive agent.

123lol456   43   1 Reply

hmging94

Which of the following is not a way that a consumer can reduce his or her auto insurance payments?

Which of the following is not a way that a consumer can reduce his or her auto insurance payments?

[html]Which of the following is not a way that a consumer can reduce his or her auto insurance payments?

▸ Choosing lower deductibles

▸ Driving a safer car

▸ Driving only occasionally

▸ Installing antithef

Flaco69   56   1 Reply

davisdiamond

Which is not a factor that will usually affect your auto insurance premium?

Which is not a factor that will usually affect your auto insurance premium?

Which is not a factor that will usually affect your auto insurance premium?

▸ Your risk characteristics

▸ How much you drive

▸ What vehicle you drive

▸ Where you work

merrisara   44   1 Reply

Marinaanderson0

Some states have no-fault automobile insurance, which is a type of automobile insurance system in ...

Some states have no-fault automobile insurance, which is a type of automobile insurance system in ...

[html]Some states have no-fault automobile insurance, which is a type of automobile insurance system in which the

▸ insured driver in a car accident files a claim and collects from their own insurance company regardless of who is at fault.

▸ insure

salonijainnn   44   1 Reply

shanej399

If a shopping cart damages a car parked at the store, which type of auto insurance coverage will pay ...

If a shopping cart damages a car parked at the store, which type of auto insurance coverage will pay ...

If a shopping cart damages a car parked at the store, which type of auto insurance coverage will pay for the damage?

▸ Personal

▸ Liability

▸ Comprehensive

▸ Collision

prpnum1   64   1 Reply

p071304

Consider a family with three drivers each driving their own car. Which standard auto policy should ...

Consider a family with three drivers each driving their own car. Which standard auto policy should ...

Consider a family with three drivers each driving their own car. Which standard auto policy should they choose?

▸ A collision policy

▸ A family automobile policy

▸ A personal automobile policy

▸ A comprehensive policy

hardy7luver   44   1 Reply

Jaynie

The Garcia family has three autos parked in their garage and two full-time drivers and two part-time ...

The Garcia family has three autos parked in their garage and two full-time drivers and two part-time ...

[html]The Garcia family has three autos parked in their garage and two full-time drivers and two part-time drivers in the household. Which standard automobile insurance policy is for different family members driving either car?

▸ Comprehensive autom

SunnieeCA   54   1 Reply

andrewcao90

Melvin has auto insurance with the following liability limits: 25/50/10. If Melvin is in an accident ...

Melvin has auto insurance with the following liability limits: 25/50/10. If Melvin is in an accident ...

[html]Melvin has auto insurance with the following liability limits: 25/50/10. If Melvin is in an accident where he is at fault, what is the maximum his insurance company will pay to fix the property of the car Melvin hit?

▸ $0

▸ $50,000

▸ $25,000

onetouch   44   1 Reply

dangoon

If the state of Louisiana has minimum auto liability limits of 25/100/20, what does the 100 represent?

If the state of Louisiana has minimum auto liability limits of 25/100/20, what does the 100 represent?

[html]If the state of Louisiana has minimum auto liability limits of 25/100/20, what does the 100 represent?

▸ $100,000 limit on payments per person in an accident

▸ $100,000 limit on payment for damage to personal property in an accident

▸ $100,0

dalvirb   41   1 Reply

ugotpwned5

States specify minimums for ________ coverage, which covers injuries you cause to other people.

States specify minimums for ________ coverage, which covers injuries you cause to other people.

States specify minimums for ________ coverage, which covers injuries you cause to other people.

▸ personal property

▸ comprehensive physical damage

▸ umbrella

▸ auto liability

kickykhalil   36   1 Reply

kyuhalee1

If Mike Johnson still owes his credit union $10,000 for his car, he will be required to carry ...

If Mike Johnson still owes his credit union $10,000 for his car, he will be required to carry ...

If Mike Johnson still owes his credit union $10,000 for his car, he will be required to carry collision coverage and ________ coverage.

▸ personal injury

▸ uninsured motorist

▸ umbrella

▸ comprehensive physical damage

doggerfresh   44   1 Reply

varelaj326

Collision coverage is insurance that will cover loss or damage to your own vehicle in the event of a(n)

Collision coverage is insurance that will cover loss or damage to your own vehicle in the event of a(n)

Collision coverage is insurance that will cover loss or damage to your own vehicle in the event of a(n)

▸ natural disaster.

▸ auto accident.

▸ theft.

▸ All of these situations.

fatsoulmh   50   1 Reply

julie5

If you have purchased auto liability, collision, and comprehensive physical damage coverage, which ...

If you have purchased auto liability, collision, and comprehensive physical damage coverage, which ...

[html]If you have purchased auto liability, collision, and comprehensive physical damage coverage, which of the following would not be covered by your insurance policy?

▸ Damage to your own vehicle due to aut

bluejean   50   1 Reply

strawberry8971

Bodily injury auto insurance coverage includes all of the following except

Bodily injury auto insurance coverage includes all of the following except

[html]Bodily injury auto insurance coverage includes all of the following except

▸ legal defense costs and judgments against you if you lose in court.

▸ living expenses for you and any passengers injured in

islandgurl   81   1 Reply

evgenome

When considering pricing factors associated with the type of vehicle you drive, you may be eligible ...

When considering pricing factors associated with the type of vehicle you drive, you may be eligible ...

When considering pricing factors associated with the type of vehicle you drive, you may be eligible for a ________, if your car has antitheft devices, airbags, and other safety features.

▸ discount

▸ premium

▸ rebate

▸ deductible

SHABBA027   39   1 Reply

illusionld

Which is not a component of the bodily injury coverage category of a typical auto insurance policy?

Which is not a component of the bodily injury coverage category of a typical auto insurance policy?

[html]Which is not a component of the bodily injury coverage category of a typical auto insurance policy?

▸ Bodily injury liability

▸ Medical expenses

▸ Uninsured motorists

▸ Comprehensive physical damage[

aznhermit101   68   1 Reply

bigmatic94

Which of the following statements regarding state automobile insurance laws is true?

Which of the following statements regarding state automobile insurance laws is true?

[html]Which of the following statements regarding state automobile insurance laws is true?

▸ Some states have compulsory automobile insurance laws but all states have financial responsibility laws.

▸ Some states have compulsory automobile insurance

gyoku2302   56   1 Reply

raihala49

If you are ________, you will probably have a lower auto insurance premium than if you were ________.

If you are ________, you will probably have a lower auto insurance premium than if you were ________.

[html]If you are ________, you will probably have a lower auto insurance premium than if you were ________.

▸ married and do not smoke cigarettes; single and smoke

▸ married and smoke cigarettes; single and smoke

▸ married and smoke cigarettes; ma

shbensonjr   47   1 Reply

marksonbol

The primary reason that young men pay higher rates for insurance than young women is that

The primary reason that young men pay higher rates for insurance than young women is that

[html]The primary reason that young men pay higher rates for insurance than young women is that

▸ young women drive safer cars.

▸ young women drive fewer miles per year than do young men.

▸ women are better drivers.

▸ young women are less likely

deodeo   40   1 Reply

elixy19

States with no-fault automobile insurance laws have seen

States with no-fault automobile insurance laws have seen

[html]States with no-fault automobile insurance laws have seen

▸ increases in insurance premiums and litigation costs.

▸ reductions in premiums but higher litigation costs.

▸ increases in premiums but lower litigation costs.

▸ reductions in insur

adnan_buljic   55   1 Reply

hmging94

State laws requiring drivers who have been in a traffic accident to show proof of insurance or the ...

State laws requiring drivers who have been in a traffic accident to show proof of insurance or the ...

[html]State laws requiring drivers who have been in a traffic accident to show proof of insurance or the ability to pay a claim are known as

▸ compulsory automobile insurance laws.

▸ financial responsibility laws.

▸ indemnity laws.

▸ interstate c

knoeller33   55   1 Reply

jbee

If you have a(n) ________ credit score, you will probably pay a ________ than average rate for your ...

If you have a(n) ________ credit score, you will probably pay a ________ than average rate for your ...

If you have a(n) ________ credit score, you will probably pay a ________ than average rate for your auto and homeowner's insurance.

▸ high; higher

▸ low; lower

▸ high; lower

▸ average; higher

jwalker824   46   1 Reply

kady_kelsey2

All else being equal, a ________ deductible will lead to a(n) ________ premium on an insurance policy.

All else being equal, a ________ deductible will lead to a(n) ________ premium on an insurance policy.

All else being equal, a ________ deductible will lead to a(n) ________ premium on an insurance policy.

▸ lower; lower

▸ higher; lower

▸ higher; higher

▸ lower; unchanged

yandy   50   1 Reply

Chicagokid

Peeta owns valuable antique musical instruments that have been in her family for generations. In ...

Peeta owns valuable antique musical instruments that have been in her family for generations. In ...

[html]Peeta owns valuable antique musical instruments that have been in her family for generations. In order to insure these items, her insurance company required her to provide a specific list of the insured property with written appraisals from an

imomo   48   1 Reply

majudomminick

Why do insurers use credit history as a factor in rating auto and homeowner's insurance?

Why do insurers use credit history as a factor in rating auto and homeowner's insurance?

[html]Why do insurers use credit history as a factor in rating auto and homeowner's insurance?

▸ People with bad credit are less likely to pay their insurance premiums.

▸ People with good credit histories are likely to live in less risky areas.

▸

thenamehobbs   40   1 Reply

jbee

In trying to protect his increasing net worth, Arbuckle Farnsworth is worried about lawsuits ...

In trying to protect his increasing net worth, Arbuckle Farnsworth is worried about lawsuits ...

[html]In trying to protect his increasing net worth, Arbuckle Farnsworth is worried about lawsuits stemming from accidents and situations not covered by his modest liability limit on his homeowner's policy. Which type of insurance should he consider

jccruz   45   1 Reply

apontea13

An umbrella policy is a policy purchased to

An umbrella policy is a policy purchased to

[html]An umbrella policy is a policy purchased to

▸ provide coverage for rain, snow, and hail damage.

▸ supplement other liability insurance coverage.

▸ provide excess personal property coverage.

▸ supplement other property and liability insuranc

coleshear   44   1 Reply

billbye

What legal rule applies when the victim of negligence is found to have had a part in causing his or ...

What legal rule applies when the victim of negligence is found to have had a part in causing his or ...

What legal rule applies when the victim of negligence is found to have had a part in causing his or her own injury?

▸ Strict liability

▸ Assumption of risk

▸ Contributory negligence

▸ Causal negligence

gyoku2302   41   1 Reply

tulipfiasco

A failure to fulfill a legal duty that causes injury to another person or that person's property is ...

A failure to fulfill a legal duty that causes injury to another person or that person's property is ...

A failure to fulfill a legal duty that causes injury to another person or that person's property is considered

▸ liability.

▸ property risk.

▸ personal risk.

▸ negligence.

akempire   51   1 Reply

rainbow12

Which risk is not a category of home risks?

Which risk is not a category of home risks?

Which risk is not a category of home risks?

▸ Contributory negligence risk

▸ Liability risk

▸ Real property risk

▸ Personal property risk

johnnyappleseed   57   1 Reply

micp3537

Insurance purchased to cover personal property and liability but not damage to the landlord's ...

Insurance purchased to cover personal property and liability but not damage to the landlord's ...

Insurance purchased to cover personal property and liability but not damage to the landlord's building is called ________ insurance.

▸ limited liability

▸ homeowner's

▸ renter's

▸ umbrella

jake82   46   1 Reply

raoulduk

Brenda experienced a fire that caused $60,000 of damage on a home that is appraised at $120,000. She ...

Brenda experienced a fire that caused $60,000 of damage on a home that is appraised at $120,000. She ...

[html]Brenda experienced a fire that caused $60,000 of damage on a home that is appraised at $120,000. She has an $80,000 face value homeowner's policy. Her policy has a $500 deductible and has an 80% coinsurance requirement. How much will her insure

maryanne.jones3   86   1 Reply

amandashimkus

Carol lost all her belongings in a burglary. She has a $150,000 face value homeowner's policy with ...

Carol lost all her belongings in a burglary. She has a $150,000 face value homeowner's policy with ...

[html]Carol lost all her belongings in a burglary. She has a $150,000 face value homeowner's policy with a $500 deductible. The appraised value of her various insured personal property is $77,000. How much will she receive from insurance?

▸ $75,000

ktpizzle1993   52   1 Reply

KFord

________ is/are the single most valuable asset(s) owned by most families.

________ is/are the single most valuable asset(s) owned by most families.

________ is/are the single most valuable asset(s) owned by most families.

▸ Retirement accounts

▸ Home equity

▸ Mutual fund investments

▸ Vehicles

devildoc   49   1 Reply

rion20000