General Insurance
What is a deductible?
What you pay before your insurance kicks in.
Why do you purchase life insurance?
To cover your family/friends if you die unexpectedly
Does Auto insurance cover a crack in your windshield?
Yes it can.
True or False
You are required to purchase home owner's insurance when you rent a home.
False
26
What does a 80/20 Copay mean?
Insurance pays 80%, you pay 20%.
What is the main factor in determining your cost of life insurance?
What should always be done after an auto accident before you and the other person part ways?
File a police report on the accident
Does your homeowner's Insurance cover Liability?
Yes
Name the three most popular different types of health insurance?
Medical, Dental and Vision
What is a policy?
A policy is a legal contract between you and insurance company passing off the risk from you to them.
Name 3 personal habits that effect life Insurance?
Drinking
Smoking
Drugs
When are you required to have full coverage auto insurance?
When your vehicle is financed
Why does your homeowner's insurance go up if you purchase a trampoline?
Trampoline's are a liability to others on your property
What insurance covers having your wisdom teeth surgically removed?
Dental
When should you pay for a quote for insurance?
Never
True or False:
You can sell your life insurance policy for cash?
True
Name 3 things that effect your auto insurance coverage
Age of driver
Gender of driver
Number of drivers on policy
Accident / Incident history
Where auto is parked
Annual mileage
Number of traffic violations
Prior insurance record
Years of driving experience
Is mold and/or rodent damage covered by homeowner's insurance?
No
Can your medical insurance drop you?
Yes. (not for medical history, but if you don't pay your premiums they can)
What are the 3 ways we handle risk?
Avoid
Retain
Transfer
Name 4 of the 5 most popular factors in determining your risk for life insurance.
Age
Gender
Height & Weight
Medical record
Personal habits (smoker, drinker, drug use)
Occupation
What is the one state that doesn't require auto insurance?
New Hampshire
Name 7 or more factors that determine your cost of homeowner's insurance.
Personal property (including furniture, electronics, high value items, etc.)
Special safety features (security, alarms, sprinklers)
Credit rating of policyholder
Prior insurance history (claims filed, etc.)
Construction type (brick, frame, etc.)
Roof type (shingle, tile, metal, flat, etc)
Type of home (single family, town home, high-rise)
Square footage
Number of rooms
Floor level (if in high-rise)
Address (city, state, county)
Pets
Pool
Proximity to fire station and fire hydrant
Business being conducted on premises?
What is the difference between Medicaid and Medicare?
Medicaid is based on income.
Medicare is based on age.