4. Other types of insurance Property and Casualty Insurance True or False: Property and casualty insurance protects owners from liability and property losses due to fire, theft, and other events. O True O False An insurance company decides to insure an older property at a lower premium due to a downturn in the economy. This pricing strategy is called Healthcare Insurance Yakov develops a heart illness and needs to schedule an appointment with a cardiologist. Which type of healthcare plan would allow him to select any doctor he chooses? Other Types of Insurance Determine the type of insurance that is used to cover each risk in the following list. Risk Type of Coverage Losses that exceed the coverage of an existing insurance policy Damage to a firm's building, furniture, and other assets Loan payments owed to a bank if the borrower dies Financial loss due to the death of the Chief Financial Officer of a firm Damages from defective products that cause injury or harm Bond Insurance True or False: Bond insurance is a promise by the insurer to guarantee payments to the bond insurer. O True O False Mortgage Insurance Which of the following are true regarding mortgage insurance? Check all that apply. Mortgage insurance protects a lender from losses in case the borrower defaults on the loan. O A credit default swap allows a lender to offset his risk of default with another investor. To avoid purchasing mortgage insurance, mortgage lenders typically require borrowers to make a down payment greater than 30 percent of the cost of the home. An insurance company decides to insure an older property at a lower premium due to a downturn in the economy. This pricing strategy is called premium underwriting cash flow underwriting ness and needs to schedule an appointment with a cardiologist. Which type of healthcare plan would allow him to select any adverse underwriting Other Types of Insurance Yakov develops a heart illness and needs to schedule an appointment with a cardiologist. Which type of health care plan would allow him to select any doctor he chooses? Other Types of Ins Indemnity plan Managed care plan Determine the type of insurance that is used to cover each risk in the following list. Type of Coverage Risk Losses that exceed the coverage of an existing insurance policy Damage to a firm's building, furniture, and other assets Loan payments owed to a bank if the borrower dies Financial loss due to the death of the Chief Financial Officer of a firm Damages from defective products that cause injury or harm Business interruption insurance Credit line insurance Key employee insurance Liability insurance Bond Insurance Property insurance True or False: Bond insurance is a promise by the insurer to guarantee pay Umbrella liability insurance True False