Vroom Vroom
The minimum liability insurance required in NC.
What is 30/60/25?
The two most important endorsements every homeowner's policy should include.
What is Specified Additional Amount of Coverage A, and Personal Property Replacement Cost?
The concept of restoring a policyholder to the same financial condition prior to the loss, but not to profit from the loss.
What is Indemnification?
Baby Steps 1-3.
What is (1) Save $1,000 to start an E-Fund, (2) pay off all debt (expect the house) using the Debt Snowball, and (3) save 3-6 months of expenses for emergencies?
Those who watched over crops and food stores for thieves and wild animals.
Who are Watchmen?
Lienholder / Loss Payee, Lessor, Certificate Holder, or Additional Insured are examples of these.
What are Additional Interests?
A grade given to a home based on the community’s fire fighting abilities.
What is Protection Class?
A condition that exists when a person is less careful because of the existence of insurance.
What is a Morale Hazard?
Baby Steps 4-7,
What is (4) Invest 15% of your household income in pre-tax retirement funds and Roth IRA, (5) save for children's college fund, (6) payoff home early, and (7) build wealth and give?
The year Watchmen Insurance was founded
What is 2017?
This is the most common cause of automobile accidents.
What is distracted driving?
It is the most common source of homeowner claims.
What is wind/hail damage?
This company was the first to ever provide auto insurance, to a man named Gilbert J. Loomis.
What is Travelers?
The reason Dave recommends 10-12 times your annual income in term life insurance.
What is to invest in mutual funds with a 10% return?
The 4-C Promise.
What is Counsel, Clarity, Compass, and Comfort?
A method of monitoring cars by using GPS technology and on-board diagnostics (OBD) to plot the car's movements on a computerized map.
What is Telematics?
The maximum number of families in a building to still qualify for a homeowners policy.
What is 4?
The event that led to the founding of the first property insurance company.
What is the Great Fire of London?
DAILY DOUBLE!
The 8 types of insurance you can't go without.
What is Term Life, Auto, Home/Renters, Health, LTD, LTC, ID Theft, Umbrella?
The Watchmen slogan.
What is, "Lighting Your Path, Protecting Your Future"?
The term that describes the right held by insurance carriers to legally pursue a third party that caused an auto loss to the insured.
What is Subrogation?
The endorsement that covers an insured who was sued for libel, slander, or defamation of character.
What is Personal Injury Coverage?
A principle of maritime law whereby all stakeholders in a sea venture proportionately share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.
What is General Average?
Reasons you need an umbrella policy.
What is you have a net worth of $500K+, You own property, You have recreational vehicles (Jet Skis, dirt bikes, etc.), You have an inexperienced driver in your household, You coach kids’ sports, You regularly invite people over to your home, You have “attractive nuisances” to a curious child (trampoline, pool, etc.), You drive a luxury car, You serve on a board or nonprofit, You regularly post reviews of products and businesses, You participate in sports where you could injure others (hunting, skiing, etc.), You frequently travel outside the U.S. and worry about liability claims, You are a landlord, You have a public profile of success and wealth?
The Master Agency for WMI.
What is SIA of NC?