What amount of property insurance coverage is needed to equal 80 of the property value of a home valued at 162,000?
A) 129,600.00
B) 12,960.00
C) 1,296.00
D) 129.60
Q. 2The Carlisles insure their home for 190,000. The annual insurance premium is 5.95 per 1,000 of insurance. How much is the Carlisle's premium?
A) 1,900.00
B) 1,130.50
C) 565.25
D) 319.33
Q. 3Which is the annual premium due for homeowner's insurance on a house covered for 275,000 with a price of 6.50 per 1,000?
A) 423.08
B) 541.67
C) 1,787.50
D) 6,500.00
Q. 4Which type of insurance pays for damages to the insured person's vehicle as the result of vandalism?
A) collision
B) comprehensive
C) liability
D) medical payments
Q. 5Frank had a car accident in which the person he hit sustained 37,000 in injuries and their car was totaled, which had a value of 32,500. Frank has 50/100/15 liability insurance. For which amount of property damages will Frank be personally liable?
A) 0
B) 17,500
C) 22,000
D) 32,500
Q. 6Adrienne carries 25/50/10 liability insurance on her car. She was recently in an accident where she was at fault. The other driver, Madeleine, had 5,500 worth of personal injury and 9,500 damage to her car. Adrienne had 8,600 in damages to her car. Which will not be covered by Andrienne's insurance?
A) Madeleine's personal injury claim
B) Madeleine's property damage claim
C) Adrienne's property damage claim
D) None of the above
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