11.9 renter's insurance & 11.10 umbrella personal liability policy

Which of the following is covered by renter's insurance? A) Damage to a stove that the landlord purchased before you moved in B) Your dog bites the tenant who lives across the hall from you C) A collapsed roof D) Stereo system stolen from the car you are leasing

a

Having adequate amounts of auto and homeowner's insurance affects your financial plan by A) limiting your liability to others. B) protecting your net worth and making it larger in the future. C) making you less likely to be sued. D) All of the above

b

Which of the following is not a characteristic of an umbrella policy? A) It provides additional liability insurance B) It replaces other policies C) It protects wealth D) It is optional coverage

b

An umbrella policy is designed to cover A) additional buildings on your property. B) property when traveling away from home. C) major personal liability suits. D) flood damage.

c

Which of the following is not covered by renter's insurance? A) Medical expenses for injuries to visitors B) Replacement of personal items such as clothing C) Fire damage to the building's roof D) Cost of legal action due to personal liability claims

c

Which of the following is true of renter's insurance? A) You only need to buy it if you have possessions of considerable value B) It will not cover your liability if a picture falls off the wall and injures a guest in your apartment C) Your renter's insurance covers only your own property, not the property of your landlord D) Because premiums are small, most people who need it have renter's insurance

c

The insurance that will cover your possessions if you lease an apartment is called ________.

renters insurance

Individuals who need additional protection often supplement their auto and homeowner's policy with a(n) ________ personal liability policy.

umbrella