What's Covered?
This type of insurance helps pay to fix your home if it is damaged.
What is homeowner's insurance?
The amount you pay each month or year for your insurance is called a...
What is a premium?
If lightning strikes cause a fire, homeowners' insurance usually...
What covers the damage?
Insurance for very valuable items like jewelry, art, or collectibles is called…
What is a personal property floater/endorsement?
Homeowner’s insurance covers damage from earthquakes by default.
What is False?
If your TV or clothes are stolen from your house, this coverage can help replace them.
What is personal property coverage?
This is the amount you pay out-of-pocket before insurance starts to pay.
What is a duducitble?
A fallen tree damages your roof. This insurance coverage may help pay to fix it.
What is property coverage?
This type of coverage helps if your home is damaged by an earthquake.
What is earthquake insurance?
Liability coverage can help pay legal fees if someone sues you after getting hurt at your home.
What is True?
This part of insurance pays if someone is hurt on your property.
What is liability coverage?
Choosing higher coverage and lower deductibles usually does this to your premium.
A flood in your area damages your basement. Standard insurance usually...
What does NOT cover it (flood insurance needed)?
If you want to cover damages caused by a sewer backup, you might buy…
What is sewer backup coverage?
A deductible is the money the insurance company pays first before you pay anything.
What is False?
Insurance that helps cover living expenses if your home is uninhabitable due to damage is called...
What is the additional living expenses (ALE) coverage?
If your home is in a risky area, like near a river, your premiums are likely to...
What is higher?
Strong winds break windows during a storm. Insurance coverage that helps repair this is called...
What is dwelling coverage?
This coverage protects you if your home is rented out and tenants cause damage.
What is landlord/rental property insurance?
Higher-risk homes usually have higher premiums.
What is True?
Damage caused by earthquakes or floods usually requires this type of special coverage.
What is optional/specialized coverage?
The choice between "actual cash value" and "replacement cost" affects this aspect of insurance.
What is the payout for damaged or stolen items?
If someone trips on your porch and breaks their arm, this type of insurance can help pay their bills.
What is liability coverage?
Insurance that covers lost income if you can’t live in your home is called…
What is additional living expense coverage?
Personal property coverage only protects the things inside your home.
What is False? (It can cover some things away from home, like theft from a car).