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AUTO
UMBRELLA
GENERAL
MISC
100

THE MONEY YOU PAY BEFORE THE INSURANCE PAYS FOR COVERAGE?

WHAT IS DEDUCTIBLE

100

HOW ARE VEHICLE LOSSES TYPICALLY COVERED? 

WHAT IS ACTUAL CASH VALUE?

100

TRUE OR FALSE. GENERALLY, THE UMBRELLA SHOULD MATCH YOUR NETWORTH

WHAT IS TRUE

100

YOU NEED THIS IF YOU'RE SUED FOR MORE THAN YOUR AUTO OR HOME POLICY LIMITS. 

WHAT IS UMBRELLA INSURANCE

100

IN THE EARLY DAYS OF US INSURANCE (WAY BACK TO THE EARLY 1700's), INSURANCE COMPANIES STARTED COVERING WHAT AND BECAUSE OF WHAT? 

WHAT IS COVERING HOMES BECAUSE OF LOSS BY FIRE

200

Selecting "BASIC" Form of insurance coverage will ONLY cover your property for named what?

WHAT IS PERIL

200

NAME THE COVERAGES PROTECTING YOUR VEHICLE FROM LOSS OF: AN ACCIDENT, HAIL DAMAGE, THEFT, VANDALISM

WHAT IS COLLISION & COMPREHENSIVE

200
TRUE OR FALSE. YOU HAVE TO QUALIFY FOR AN UMBRELLA POLICY

WHAT IS TRUE

200
Who in Minnesota reviews and approves the forms and rates insurance companies file? 

Who is the Minnesota Department of Commerce

200

Under what US ACT, did insurance become exempt from most Federal Regulation? 

What is the McCarran-Ferguson Act of 1945

300

How does an insurance company typically cover the roof? 

What is Actual Cash Value or Replacement Cost

300

IF YOU'RE IN AN ACCIDENT WITH AN AT-FAULT DRIVER WHO DOESN'T CARRY LIABILITY INSURANCE, THIS CAN HELP

WHAT IS UNINSURED MOTORIST COVERAGE

300

True or False. An umbrella will cover damage to your own home, car or possessions. 

What is FALSE

300

A TYPE OF INSURANCE IN WHICH THE INSURED PAYS A SHARE OF THE PAYMENT MADE AGAINST A CLAIM

WHAT IS CO-INSURANANCE 

300

The concept of insurance was introduced in what industry 

What is Maritime Trade

400

What are the other two forms of insurance coverage for your property?

What is BROAD & SPECIAL

400

What is windshield coverage typically called? 

What is Glass Coverage

400

What won't your umbrella insurance cover? 

What is 'Ask your insurance agent'

400

What happens to a home policy if you're covering a home-based business? 

What is Endorsing a Policy

400

What insurance can cover your mortgage balance? 

What is life insurance 

500

What damage is typically not covered by home insurance? 

What is earthquake and flood insurance
500

IF YOU'RE IN AN ACCIDENT WITH AN AT-FAULT DRIVER WHO DOESN'T CARRY LIABILITY INSURANCE, THIS CAN HELP

WHAT IS UNDERINSURED LIABILITY INSURANCE

500

TRUE OR FALSE. THE UMBRELLA POLICY PAYS HALF THE CLAIM AND THE UNDERLYING POLICY PAYS THE OTHER HALF

WHAT IS FALSE

500

If you have a % deductible on your home policy, how is the $ deductible calculated? 

What is your dwelling coverage

500
AN ARRANGEMENT WHERE AN INSURER TRANSFERS ALL OR PART OF A RISK TO ANOTHER INSURER TO PROVIDE PROTECTION AGAINST THE RISK OF THE FIRST INSURANCE POLICY

WHAT IS RE-INSURANCE