Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- Assessment Summary
- Grade Received: 90.0% (27.00 pts out of 30.00 pts)
- Question Number 1 Points: 5.00/5.00
- Question Text
- What is true in general about higher deductible amounts?
- Your Answer
- D. The premiums are lower.
- Question Number 2 Points: 5.00/5.00
- Question Text
- Jake Sanchez’s wall is cracked from top to bottom. It is a result of nearby demolitions work. After being assured that the damage is covered, Jake decides to replace the wall.
- His insurance requires a $250 deductible but will cover the rest of the cost of $3,425.75. How much will the insurance company pay Jake?
- Your Answer
- C. $3,175.75
- Question Number 3 Points: 5.00/5.00
- Question Text
- Which is a less expensive way of buying a lodging place?
- Your Answer
- C. Purchasing a mobile home
- Question Number 4 Points: 5.00/5.00
- Question Text
- What is the official name for a plan that tells how much money you have to live on and how you will spend it?
- Your Answer
- A. Budget
- Question Number 5 Points: 5.00/5.00
- Question Text
- When you buy homeowner’s insurance, as with any other insurance, you get a document that tells what the insurance premium is, what the insurance covers in detail so that all coverage questions can be understood by the insurer and the insured.
- What is the name for this document?
- Your Answer
- D. Policy
- Question Number 6 Points: 5.00/5.00
- Question Text
- What is the name for the fee that is charged and held when you rent an apartment so that when you move out, it will be either refunded or used to cover damages and clean-up of your apartment?
- Your Answer
- A. Deposit
- Question Number 7 Points: 5.00/5.00
- Question Text
- What is the term for the amount of money that the insured pays the insurance company each month?
- Your Answer
- B. Premium
- Question Number 8 Points: 5.00/5.00
- Question Text
- What is a live-in option that is often done as a benefit for the employee?
- Your Answer
- B. Living at a jobsite as part of your employment agreement
- Question Number 9 Points: 0.00/5.00
- Question Text
- If you make an insurance claim and your insurance company will pay everything after the initial $500 of the expense, what is the insurance jargon term for this $500?
- Your Answer
- D. First payment
- Question Number 10 Points: 5.00/5.00
- Question Text
- What is the name for an apartment that, although small, has all the necessary functions of living in a home but has no fancy or expensive embellishments?
- Your Answer
- C. Economy apartment
Advertisement
Add Comment
Please, Sign In to add comment
