Property
Auto
Coverage
Insurance
Miscelaneous
100
What is insurance that covers for loses resulting from perils such as fire, theft, or windstorm
A. fire insurance B. Renters insurance C... Property insurance D. coinsurance
100
What insurance is required in the state of Georgia?
A... auto insurance B. Ocean Marine Insurance C. Renters Insurance D. Floater policy
100
What are the two major types of coverage?
Property and bodily injury
100
What does insurance do?
idemnify- pays for a parties loss
100
What is insurance that covers for loss or damages due to fires?
Fire insurance
200
Does property insurance protect the damage of others or are you liable for it?
It protects from the damage of others.
200
What are the two major types of policies?
full and liability
200
What are some of the things property insurance covers?
Fire, theft, lightening, hail
200
Why do you need insurance?
To protect yourself and others
200
What is a premium?
The total cost per year for insurance
300
What are the two types of property insurance?
Real and personal
300
What is uninsured motorist protection?
Protects you if the person at fault doesnt have insurance or not enough for the damages
300
What are some of the things bodily injury coverage covers?
Medical payments, funeral costs, and uninsured motorist
300
A person who holds an insurance policy is known as what?
A. Insurer B... Insured C. Insurable interest D. Insurance project
300
What is insurance that providea protection for all types of ongoing vessels and their cargoes?
Ocean Marine Insurance
400
What are two types of people?
Business and individual
400
What is collision insurance do?
Pays for your vehicle damages (even if at fault)
400
How much does bodily injury liability?
$100,000/$300,000
400
Insurance is a what type of agrement?
A. permanent B. Fixed C. Adjustable D... contractual
400
What is the maximun amount that can be paid if an insured person gets hurt ?
Face value
500
Floater policy does what?
Protects items that "float"
500
What are 3 things you should know when buying a car?
1. Exact price paying for car 2. Amount you finance 3. Finance charge 4. APR 5. # of payements 6. Amount of payments 7. Total price
500
Marine insurance is the _______ form of insurance
oldest
500
What is a deductible?
the amount you have to pay before the insurance will cover the cost.
500
What are all the types of insurances?
Auto, home, property, marine, life, and health
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