FIN 310 Questions & Correct and
Verified Answers.Latest
update2025/2026 Graded A+, Exams of
Nursing
Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years.
Alfred has actual cash value coverage on this camera, which means his insurance company will issue him
a check for ________ for his loss. A similar new camera now costs $200. - CORRECT ANSWERS
$75
Which of the following is a way for consumers to keep their automobile insurance rates down? -
CORRECT ANSWERS A. Improve their driving records.
B. Lower their deductibles.
C. Maintain a high insurance credit score.
***D. Both A and C
The purpose of a personal umbrella policy, as an addition to your homeowner's policy, is primarily to
protect you from - CORRECT ANSWERS A. faulty construction of your home.
B. acts of God, such as falling objects, hail, etc.
***C. lawsuits and judgments.
D. contested title to your property.
E. flood damage.
Eric and Lisa Lambert are purchasing a home for the first time. In order to receive the full benefit of any
claim, they will need to insure at least ________ of the home's full replacement cost. - CORRECT
ANSWERS A. 70%
***B. 80%
C. 85%
, D. 90%
What are the areas covered in Part A: Liability coverage in a personal automobile policy? - CORRECT
ANSWERS ***A. bodily injury, property damage, judgments awarded, court costs, legal
defense fees
B. bodily injury, judgments awarded, court costs, loss of wages
C. bodily injury, property damage, court costs, legal defense fees, bail bond
D. judgments awarded, property damage, court costs, legal defense fees, bail bond
E. bodily injury, property damage, legal defense fees, bail bond, loss of wages
You had no insurance and your apartment was just robbed. Having learned your lesson, you have
decided to call your agent for an HO-4 policy, known as ________ insurance. - CORRECT ANSWERS
***A. renter's/tenant's
B. basic form
C. condo
D. apartment
E. special form
Suppose that, during a party, one of your guests drove into the corner of your garage while turning
around. Where would you look for damage payment? - CORRECT ANSWERS A. your guest's
auto comprehensive insurance
B. section II of their homeowner's insurance
***C. your guest's auto liability coverage
D. your guest's auto collision insurance
Homeowners insurance Part I Coverage C covers all of the following except which one:. - CORRECT
ANSWERS A. Personal property located within the home
B. Personal property located away from the home
Verified Answers.Latest
update2025/2026 Graded A+, Exams of
Nursing
Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years.
Alfred has actual cash value coverage on this camera, which means his insurance company will issue him
a check for ________ for his loss. A similar new camera now costs $200. - CORRECT ANSWERS
$75
Which of the following is a way for consumers to keep their automobile insurance rates down? -
CORRECT ANSWERS A. Improve their driving records.
B. Lower their deductibles.
C. Maintain a high insurance credit score.
***D. Both A and C
The purpose of a personal umbrella policy, as an addition to your homeowner's policy, is primarily to
protect you from - CORRECT ANSWERS A. faulty construction of your home.
B. acts of God, such as falling objects, hail, etc.
***C. lawsuits and judgments.
D. contested title to your property.
E. flood damage.
Eric and Lisa Lambert are purchasing a home for the first time. In order to receive the full benefit of any
claim, they will need to insure at least ________ of the home's full replacement cost. - CORRECT
ANSWERS A. 70%
***B. 80%
C. 85%
, D. 90%
What are the areas covered in Part A: Liability coverage in a personal automobile policy? - CORRECT
ANSWERS ***A. bodily injury, property damage, judgments awarded, court costs, legal
defense fees
B. bodily injury, judgments awarded, court costs, loss of wages
C. bodily injury, property damage, court costs, legal defense fees, bail bond
D. judgments awarded, property damage, court costs, legal defense fees, bail bond
E. bodily injury, property damage, legal defense fees, bail bond, loss of wages
You had no insurance and your apartment was just robbed. Having learned your lesson, you have
decided to call your agent for an HO-4 policy, known as ________ insurance. - CORRECT ANSWERS
***A. renter's/tenant's
B. basic form
C. condo
D. apartment
E. special form
Suppose that, during a party, one of your guests drove into the corner of your garage while turning
around. Where would you look for damage payment? - CORRECT ANSWERS A. your guest's
auto comprehensive insurance
B. section II of their homeowner's insurance
***C. your guest's auto liability coverage
D. your guest's auto collision insurance
Homeowners insurance Part I Coverage C covers all of the following except which one:. - CORRECT
ANSWERS A. Personal property located within the home
B. Personal property located away from the home
