Coverage Types
This type of policy covers your house and belongings in case of fire, theft, or hail.
What is homeowners insurance?
A tree falls on your garage during a storm. What kind of insurance covers this?
What is homeowners insurance (property coverage)?
Insurance will always cover flood damage.
What is Myth?
The amount you must pay out of pocket before insurance pays.
What is the deductible?
This auto insurance coverage pays for damages to your car when you're at fault.
What is collision coverage?
You hit another car and it’s your fault. What part of your policy covers the other driver’s damage?
What is liability insurance (property damage liability)?
Auto insurance follows the car, not the driver.
What is Fact?
Actual cash value minus depreciation is called this.
What is ACV (Actual Cash Value)?
This covers property and liability for businesses, including equipment and customer injuries.
What is commercial general liability (CGL) insurance?
An employee steals from the company safe. What coverage handles this?
What is employee dishonesty or fidelity bond?
Earthquake coverage is included in all homeowners policies.
What is Myth?
The full cost to replace an item with no depreciation.
What is replacement cost?
This type of policy is needed to protect your home from flood damage.
What is flood insurance?
Lightning strikes your office, frying your electronics.
What is commercial property insurance?
A landlord’s insurance covers renters’ belongings.
What is Myth?
This document outlines the coverage terms of your policy.
What is the declarations page (or policy)?
A type of policy that covers more than the limit of another insurance policy.
What is umbrella insurance?
You’re sued for slander over a bad online review.
What is personal liability or umbrella policy?
Lying on an insurance application can void your policy.
What is Fact?
The maximum an insurance company will pay under a policy.
What is the policy limit?