Question 1:

Which of the following statements regarding home policies is correct?

A.Most home insurance policies include personal liability insurance that provides only the insured with protection for legal liability to others B.The homeowners policy covers liability associated with operation of a business, even if the policy owner owns the business. C.A liability policy also covers liability to persons employed by the policy owner to assist in maintaining the policy owners residence.

D.Home owners policies have a deductible

Question 2 options:

With regard to automobile insurance, identify the statements that are true. 1. Lowering the amount of liability insurance is typically a wise strategy for managing insurance costs. 2.The elimination of collision coverage can be a valid cost managing strategy, especially for low valued vehicles. 3.The decision to eliminate collision coverage affects only the vehicle's owner. 4. Decreasing the insurance deductible will help to lower the insurance premium. A 1 and 2 B 2 and 3 C 1 and 4 D 3 and 4

Question 3 options:Out of country private insurance: A.Typically has a maximum amount on group plans but not on government plans B.Commonly excludes pre exiting health conditions C.Is not considered supplementary insurance Donly provides coverage for those traveling to the United States

Question 4 options:

In 2018, Mark purchased a new vehicle from his local dealership. The next year, he was involved in an accident that caused serious damages to his car by another driver who was later deemed to be at fault. The adjustor notified him that the vehicle was unable to be salvaged. What would have been the best policy option for Mark to have in his insurance contract? A.A high amount of liability insurance B.A temporary substitute automobile clause C.A waiver of depreciation feature D.Comprehensive Insurance