Auto Insurance
In split limit format $250k/$500k/$100k, which of the limits would represent the maximum amount of property damage coverage per accident?
What is $100k.
What is Personal Liability (Coverage E).
A written contract detailing what risks are covered, the limits of coverage, and the responsibilities of both parties is what?
What is The Policy.
Protects dependents financially upon your death.
What is Life Insurance.
What coverage type would cover you if an at-fault driver has no or insufficient insurance coverages?
What is Uninsured/Underinsured Motorist (UM/UIM).
This covers belongings such as clothes, furniture, and electronics, usually set as a percentage of the dwelling limit.
What is Personal Property (Coverage C).
What is a Claim.
Covers third-party claims for injury or property damage.
What is Commercial General Liability.
If you are involved in an accident with a vehicle and/or object what coverage would cover the repairs/replacement of your vehicle?
What is Collision Coverage.
Your fence gets blown down during a severe windstorm in your area, with you home policy which coverage would your fence be covered under?
What is Other Structures (Coverage B).
Coverage for loss of or damage to a building and/or contents due to fire?
What is Fire Insurance.
Mandatory in most states, covering liability, collision, and personal injury protection.
What is mandatory in most states, and covers injuries and damage to others?
What is Liability coverage.
What is the term for the amount you would pay out-of-pocket before insurance would kick in for a covered loss?
Term for the cause of a possible loss. For example, Fire, Theft, or Hail.
What is a Peril.
Provides extra liability coverage beyond standard auto or home policies.
What is Umbrella Insurance.
If you carried full coverage on your vehicle and were caught in a Hail Storm, what coverage would your claim fall under?
What is Comprehensive coverage.
What coverage covers the main structure of you home based on the cost to rebuild your home, including labor and materials?
What is the term for the amount of money an insurance company charges for insurance coverage?
What is Premium.
Protects against losses from fire, theft, and damage to property or assets.
What is Homeowners/Renters Insurance.