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There are no other info along with these questions. Define Insurable Interest.How do we know if we have one or not? What is the 80/20

There are no other info along with these questions.

Define Insurable Interest.How do we know if we have one or not?

  1. What is the 80/20 rule.How much insurance would I have to carry on a $100,000 house?

  1. What are binders or riders to an insurance policy.Can you list a couple of examples?

  1. Do policies end immediately due to lack of payment or cancellation?Why?

  1. Define what a reverse mortgage is?Why might someone who is retired think about doing a reverse mortgage?

  1. What is the length of time between filings of bankruptcy?

  1. If you file chapter 13, how much may each of the following be worth for you to keep them?

  1. Home
  2. Goods
  3. Motor vehicle
  4. Necessities

  1. List the exceptions that exist for individuals/companies filing bankruptcy.

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