Question

The section of a homeowner's or auto insurance policy that covers damages due to personal injuries involving your property, especially due to your actions or negligence, is called

	a.	replacement cost.
	b.	collision and comprehensive.
	c.	the personal property floater.
	d.	peril coverage.
	e.	liability.

The ability to change a given life insurance policy from term life to whole life or to change a given asset purchase from bonds to stock is called

	a.	insurability.
	b.	renewability.
	c.	convertibility.
	d.	deductability.
	e.	pastability.

Over the course of several years, property and casualty insurance (e.g. homeowner's insurance, auto insurance) expects to encounter _________ claims from a customer, and health insurance expects to encounter ___________ claims from a customer.

	a.	frequent; frequent
	b.	frequent; infrequent
	c.	infrequent; frequent
	d.	infrequent; infrequent
	e.	ulcer-oriented; more ulcer-oriented

Answer 1

Solution :- (1)

The Correct Answer is (E) that is Liability

The section of a homeowner's or auto insurance policy that covers damages due to personal injuries involving your property, especially due to your actions or negligence, is called Liability .

Solution :- (2)

The Correct Answer is (c) that is Convertibility .

The ability to change a given life insurance policy from term life to whole life or to change a given asset purchase from bonds to stock is called Convertibility .

Solution :- (3)

The Correct Answer is (b) that is frequent; infrequent .

Over the course of several years, property and casualty insurance (e.g. homeowner's insurance, auto insurance) expects to encounter Frequient claims from a customer, and health insurance expects to encounter Infrequent claims from a customer.

If there is any doubt please ask in comments

Thank you please rate