02.07 How Do I Protect my Stuff Quiz

9 February 2023
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5 test answers
question
Losing weight and having routine medical checkups is one way Harry can
answer
lower his health insurance premiums
question
How could Brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company?
answer
Drive safely to avoid accidents and traffic citations
question
Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy, how much will she have to pay for this claim?
answer
$1,000
question
Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy in a given year, how much will she pay the insurance company in that year?
answer
$2,200
question
Ricardo paid an annual premium of $1,000 in total liability coverage for his car, including up to $200,000 in bodily injury coverage and $100,000 in property damage coverage. Ten years into his policy, Ricardo caused an accident that resulted in the other driver claiming $60,000 in medical costs and $20,000 in car damage. Ricardo's insurance company paid the claims. Did the benefit of transferring the risk to the insurance company outweigh the cost of the premium?
answer
Yes, the cost of the annual premium for 10 years was less than the accident claims
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question
Losing weight and having routine medical checkups is one way Harry can
answer
lower his health insurance premiums
question
How could Brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company?
answer
Drive safely to avoid accidents and traffic citations
question
Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy, how much will she have to pay for this claim?
answer
$1,000
question
Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy in a given year, how much will she pay the insurance company in that year?
answer
$2,200
question
Ricardo paid an annual premium of $1,000 in total liability coverage for his car, including up to $200,000 in bodily injury coverage and $100,000 in property damage coverage. Ten years into his policy, Ricardo caused an accident that resulted in the other driver claiming $60,000 in medical costs and $20,000 in car damage. Ricardo's insurance company paid the claims. Did the benefit of transferring the risk to the insurance company outweigh the cost of the premium?
answer
Yes, the cost of the annual premium for 10 years was less than the accident claims