Insurance Test

True or false: Floods are covered under basic and broad homeowners insurance

False

True or False: Pennsylvania is a no fault state

True

Claiming previous damage on a new claim is insurance fraud

True

If jump out of a moving car, on purpose, fro a Tik Tok, your auto insurance will cover medical treatmen

False

If your friends crashed YOUR car, their insurance covers the accident

False

Banks cannot dictate what coverage you have even if you have a loan

False

Fraud that causes an innocent victim physical or financial harm is soft fraud

False

In PA, you are required to carry uninsured/underinsured motor insurance ( don't have to accept it, but it is offered)

False

Installing smoke alarms may reduce your homeowners premium

True

If you file a claim but the insurance company deems you negligible, they can deny payment

True

An umbrella policy is a great idea to have a pitbull, even if they are friendly

True

Termite damage is always covered under broad form. But not basic

False

The higher your deductible, the lower your premium

False

Padding an insurance claim is hard fraud

False

Comprehensive auto insurance would cover replacing a blown transmission

False

Glass breakage is NOT covered by homeowners insurance

False

Cash is covered for a limited amount( usually $500 or less) under homeowners insurance

True

If a claim would be less than your deductible, you don’t file the claim

True

Which of the following auto coverage is required by PA LAW

Liability

If someone vandalizes your car, what covers that?

Comprehensive

If your laptop is stolen from your car, what covers that?

None of the above ( homeowners would cover it)

If you are at-fault and the other car is damaged, what covers the other car

Your Liability

If someone hits you but they don't have insurance, what covers your car

Uninsured motorist

Which of the following would follow under BASIC form of homeowners

Fire and smoke damage

Comprehensive homeowners covers which of the following

Wind damage, riots, and Volcanic eruptions ( All of the above)

Which of the following would be covered under BROAD form homeowners

Falling objects

Baisc covers all of the following except

Flood

In PA, if someone hits your car and you're hurt, what covers your injuries

Your medical payments

Which of the following require a rider on your homeowners insurance

A louis vuitton purse collection ( not common, expensive)

If someone is hurt in your apartment, what covers that

Your renters insurance (liability)

Which of the following is considered an “attractive nuisance”?

Swimming pool

Which of the following would not be included in your driver-rating factor?

Religion

In PA, we may need special risk coverage for which of these situations

Mine subsidence

What are 3 parallels under homeowners insurance

• Fire

• Wind damage

• Hail

What is one additional parallel under broad form

Causing a collapse

3 variables under driving rating factor

1. Age

2. Gender

3. Marital status

4. Driving record

One type of special risk insurance based on where we live

Mine subsidy

Fundamental different between homeowners and renters

1. Homeowners: Covers the structure

2. Renters: Wouldn’t include the structure

What is the required auto insurance 

LIABILITY: 15/30/5 + 5,000 Medical payments