Podcast
Questions and Answers
Which group of people is most likely to get sued and therefore may benefit from an umbrella liability policy?
Which group of people is most likely to get sued and therefore may benefit from an umbrella liability policy?
- Young professionals
- Families with lower net worth
- Families with higher net worth (correct)
- Retirees
What should you consider when shopping for home and vehicle insurance?
What should you consider when shopping for home and vehicle insurance?
- Minimum coverage
- Premium differences between carriers (correct)
- Double the coverage
- Credit score and driving record
Why is it important to assess your coverage needs every few years?
Why is it important to assess your coverage needs every few years?
- To save money on premiums
- To update your driving record
- To ensure you have enough liability protection (correct)
- To adjust for changes in your credit score
Which coverage protects you if you're found responsible for others' injuries on your property or away from home?
Which coverage protects you if you're found responsible for others' injuries on your property or away from home?
What is the purpose of a deductible in home insurance?
What is the purpose of a deductible in home insurance?
What is the purpose of the co-insurance clause in home insurance?
What is the purpose of the co-insurance clause in home insurance?
Which part of home insurance covers injury treatment costs for guests who get hurt on your property or individuals you accidentally injure while away from home?
Which part of home insurance covers injury treatment costs for guests who get hurt on your property or individuals you accidentally injure while away from home?
What does personal liability coverage in home insurance pay for?
What does personal liability coverage in home insurance pay for?
What is the purpose of renters insurance?
What is the purpose of renters insurance?
What does collision coverage in auto insurance pay for?
What does collision coverage in auto insurance pay for?
Which of the following is NOT a standard coverage in home insurance?
Which of the following is NOT a standard coverage in home insurance?
What is the purpose of the co-insurance clause in home insurance?
What is the purpose of the co-insurance clause in home insurance?
What is the purpose of an insurable interest in home insurance?
What is the purpose of an insurable interest in home insurance?
Which of the following is NOT a factor that can affect the premium for home and vehicle insurance?
Which of the following is NOT a factor that can affect the premium for home and vehicle insurance?
What is the purpose of an umbrella liability policy?
What is the purpose of an umbrella liability policy?
Why is it important to have sufficient liability protection in home and vehicle insurance?
Why is it important to have sufficient liability protection in home and vehicle insurance?
Which part of home insurance covers damages caused by theft or something other than a collision?
Which part of home insurance covers damages caused by theft or something other than a collision?
What does the term 'Liability' mean in the context of vehicle insurance?
What does the term 'Liability' mean in the context of vehicle insurance?
What is the purpose of Medical Payments or Personal Injury Protection (PIP) coverage in auto insurance?
What is the purpose of Medical Payments or Personal Injury Protection (PIP) coverage in auto insurance?
What is the purpose of an umbrella liability policy in vehicle insurance?
What is the purpose of an umbrella liability policy in vehicle insurance?
