Auto Insurance
Insurance that covers damage to your vehicle when it is involved in an accident
What is collision insurance?
Coverage B covers this.
What is other structures?
Coverage for business buildings/auto/business property
What is a Business Owners Policy?
A tree kicks back and breaks the front glass of your tractor, this coverage pays for the damage
What is cab glass coverage?
A person named to receive the benefits from a life insurance policy
What is a beneficiary?
Insurance that covers physical damage to your vehicle caused by a deer or hail
What is comprehensive insurance?
Pays the cost of minor accidental injuries to visitors on your property, regardless if you are negligent or not.
What is medical payments coverage?
Coverage to employees who are injured on the job
What is Workers Compenstation?
This coverage covers the loss of livestock being hit by a vehicle on a public road
What is livestock liability?
Insurance that provides protection against loss of life for only a specified term, or period of time
What is term insurance?
Insurance that covers physical injuries to YOURSELF caused by a vehicle accident regardless of whos fault it is.
What is personal injury protection (PIP)
Additional property insurance that covers the damage or loss of a specific item of high value
What is Scheduled Personal Property coverage?
Breakdown coverage for mechanical and electrical failure of major business equipment
What is equipment breakdown coverage?
Hail dimpled the metal on my pole building but there is no coverage because it is just cosmetic damage. I have coverage because of this exclusion.
What is cosmetic damage exclusion?
A permanent policy for which you pay a specified premium each year for the rest of your life
What is whole life insurance?
The amount of money the insured pays for damage to their vehicle, before the insurance company pays
What is deductible?
Your computer starts a fire in your dorm room, what coverage protects you from a law suit and covers your personal belongings
What is renters insurance?
In work comp, this is a number that represents a company's workers' compensation claims and losses compared to the industry average. Insurance providers use this to predict future claims and adjust premium amounts. What is it?
What is an emod?
My machine shed that was built 15 years ago just collapsed from the weight of the snow load on the roof. Good thing i have it rated as a G_ !
What is G2?
The accumulated savings from a whole life insurance policy
A speeding ticket and/or collision will do this to your insurance premium
Damage caused by flood and earthquake is automatically covered by a traditional homeowners policy
What is NO?
Your business blows away in a tornado, your employees still need to get paid. This coverage allows you to do just that
What is Loss of Business Income and Extra Expense Coverage?
Help! I have a brand new pole shed that was ruined by a fire. I need full replacement cost. Hopefully my shed is rated as a G_.
What is 1?
Name three reasons life insurance may be important to an individual and/or family
What is
1) Survivor's income - Lost Wages
2) Funeral Expense
3) Debt Relief
4) Leave A Legacy
5) College Expenses
6) Business Planning
7) Estate Planning