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5 Written questions

5 Matching questions

  1. types of home coverages
  2. Implied/written warranties
  3. premiums for car insurance and deduables
  4. warranty of fitness
  5. warranties
  1. a - actual cost value: cost of replacement
    -replacement cost: full cost of repaired damage
    -extended replacement cost: full cost of replacing/ rebuilding outside limits
  2. b what it will effect the cost:
    - types of coverages and amounts
    -deductibles- the amount you pay out of pocket before your insurance pays the clam
    -type of car
    -personal characteristic
    - driving record
    -location
    -discounts
  3. c - a product warranty created by the state law, all states have them
    -every purchase you make is covered by Implied/written warranties
  4. d - a promise by the manufacture/merchant to stand by there product
  5. e - holds the seller accountable for a recommend use.
    Ex. 0 degree sleeping bag will work in the winter

5 Multiple choice questions

  1. it is required by state law. the insurance company gives you a set amount of money for:
    - individual, all persons, property
    EX. 25/50/10 K
  2. if you buy a car from a dealer you have 2 options:
    - traditional lending source
    -dealer financing
  3. - a loan for a specific amount that must be paid back on or before a agreed date
    -mainly for car/home loans
  4. - protects your car and the other car in a accident
  5. - insurance that provides a monetary payment to a specify Beneficiary in the event a policyholder dies
    -It is regulated by state government

5 True/False questions

  1. 5 types of health insurancethere are 6 types:
    -limited coverage: fire, lighting, vandalism
    -basic coverage: falling objects, ice, etc.
    -comprehensive: Everything
    -renters: personal belongings in a condo
    -older homes: cash damages rather then what you paid

          

  2. term life insurance- insurance that provides a monetary payment to a specify Beneficiary in the event a policyholder dies
    -It is regulated by state government

          

  3. liability insurance- pays for the damages to another vehicle or medical bills if its your fault

          

  4. Whole life- a whole life insurance throughout your life

          

  5. Car leasing- when you lease a car you agree to pay the value of the vehicle used during the lease

          

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