4. Other types of Insurance Property and Casualty Insurance True or False: Property and casualty insurance protects owners from Bability and property losses due to fire, theft, and other events. True False Susan purchases an older home and wants to obtain homeowners insurance. The home is at an increased risk of water damage because the plumbing has never been updated. In a weak economy, the insurance company charges her a lower premium than usual and agrees to take the risk. This pricing strategy is called Healthcare Insurance Elleen injures her neck at home and needs to schedule an appointment with an orthopagoShe can only choose a doctor who participates in her healthcare plan. What type of healthcare plan does Raphani participate in? Other Types of Insurance Determine the type of insurance that is used to cover each risk in the following list Type of coverage Risk Damage to a m's building, furniture, and ather assets Financial loss due to the death of the Chief Financial Officer of a firm Losses that exceed the coverage of an existing insurance policy Loan payments owed to a bank if the borrower dies Damages from defective products that cause injury or harm Bond Insurance True or False: Bond Insurance is a promise by the bond insurer to guarantee payments to the investor True 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. A credit default swap allows a borrower to offset his risk of default with another lender To avoid purchasing mortgage Insurance, mortgage lenders typically require borrowers to make a down payment greater than 20 percent of the cost of the home. updated. In a weak economy, the insurance compan gy is called HU hcare Insu adverse underwriting premium underwriting injures her cash flow underwriting care plan. V to schedule an appointmen lan does Raphael participate r Tyneen ate in? Indemnity plan Managed care plan e following list. Risk Damage to a firm's building, furniture, and other assets Type of Coverage Financial loss due to the death of the Chief Financial Officer of a firm Losses that exceed the coverage of an existing Insurance policy Loan payments owed to a bank if the borrower dies Damages from defective products that cause injury or harm Business interruption insurance >> Credit line insurance Bond Insurance Key employee insurance Liability insurance True or False: Bond insurance is a promise by the bond insurer to guarante Property insurance True Umbrella liability insurance False Mortgage Insurance