Insurance Questions

What type of auto insurance are you required to carry in almost every state?

Each of these coverage areas is part of a standard renters insurance policy EXCEPT for...

Karishma has a renters insurance policy with a coverage limit of $25,000. While she's on vacation a fire breaks out, ruining $9,000 worth of possessions before the fire department puts it out. Her deductible is $500. How much will Karishma and the insurance company each pay?

What is at stake if an insurance company's models aren't particularly good at predicting risk?

One speeding ticket can raise your auto insurance rate by nearly...

Ralph has a shiny new car, and he wants to make sure the insurance company will help him fix or replace it in case of any type of damage. Each of these coverage areas will provide the type of coverage he's looking for on his car EXCEPT...

The coverage under renters insurance will cover the costs of the following items EXCEPT:

If you are very healthy, are not taking any prescription medicines, and generally only see your doctor for your annual physical, what type of health insurance is likely to be best for you? (use the words deductible and premium)

There is no need for a college student to have a renters insurance policy.

How do insurance companies decide how much to charge an individual for their monthly premiums?

Piper is willing to pay a high premium for their disability insurance. What are the likely outcomes of paying that higher premium?

Each of the following describes a type of health insurance plan EXCEPT...

Someone broke into Jessie's car by smashing the passenger window. Which type of auto insurance coverage will help cover the cost to get the window replaced?

Which type of automobile insurance is required by every state?

What Types of companies are both considered commercial insurers

K is an annuitant currently receiving payments. If she were to die before receiving payments equal to the correct value, a beneficiary will continue receiving payments until an amount equal to the contract value has been paid. This is called a(n)Installment refund annuityJoint refund annuityStraight refund annuityEqual value annuity

D owns a whole life policy that was purchased 10 years ago. If the premium payment suddenly stop and D takes no additional action, which nonforfeiture option will the insurer likely proceed with ?Extended termLoan provisionReduced paid upCash surrender

A whole life insurance policy owner does not wish to continue making premium payments. Which of the following enables the policy owner to sell the policy for more than its cash value?Cash surrenderLife settlement contractBuy sell arrangement1031 exchange

A life insurance arrangement which circumvents insurable interest statutes is called? A contract of adhesionAn indemnity contractKey person insuranceInvestor originated life insurance

A life insurance policy would be considered a wagering contract without:Insurable interestPremium paymentAgent solicitationConstructive Delivery