FFM - Test Quizzes Complete Solutions 2025
SR-22 liability insurance is: - ANSWER required by the state if you are classified as a
high risk driver
the insured value of your home is usually less than the market price because: -
ANSWER homeowner's insurance covers just the value of the buildings and structure
and not the value of the land
flood insurance is: - ANSWER purchased from the National Flood Insurance Program
when purchasing homeowner's or renter's insurance, replacement value: - ANSWER
reimburses your for the amount required to replace your personal property at today's
values
insurance riders: - ANSWER are additional insurance coverages to protect specific items
of value not covered on your primary policy
a home inventory:
a. helps you recall your personal possessions in case of fire, theft, or destroyed property
b. should be documented with video or photographs
c. should be kept in a secure, off site location
d. all of the above - ANSWER all of the above
, umbrella liability insurance coverage: - ANSWER provides additional liability coverage
above your homeowner's and auto policies
with health insurance, the copayment is: - ANSWER the amount your much pay
before insurance pays
a health maintenance organizations (HMO): - ANSWER provides less flexibility
in selecting doctors than a PPO
medicare:
a. is for those with limited income
b. is for the health care expenses of people aged 65 and older
c. is a government program that covers all medical expenses
d. has two parts to it - ANSWER is for the health care expenses of people aged 65
and older
COBRA... - ANSWER allows you to keep health insurance for a limited time under
your employer's health insurance plan even if you no longer work there
disability insurance... - ANSWER usually has a waiting period before you can make
a claim
life insurance... - ANSWER is to help support those who depend on your income in
the event of your death
in what life stage are you likely to need the most insurance coverage? - ANSWER early
family
SR-22 liability insurance is: - ANSWER required by the state if you are classified as a
high risk driver
the insured value of your home is usually less than the market price because: -
ANSWER homeowner's insurance covers just the value of the buildings and structure
and not the value of the land
flood insurance is: - ANSWER purchased from the National Flood Insurance Program
when purchasing homeowner's or renter's insurance, replacement value: - ANSWER
reimburses your for the amount required to replace your personal property at today's
values
insurance riders: - ANSWER are additional insurance coverages to protect specific items
of value not covered on your primary policy
a home inventory:
a. helps you recall your personal possessions in case of fire, theft, or destroyed property
b. should be documented with video or photographs
c. should be kept in a secure, off site location
d. all of the above - ANSWER all of the above
, umbrella liability insurance coverage: - ANSWER provides additional liability coverage
above your homeowner's and auto policies
with health insurance, the copayment is: - ANSWER the amount your much pay
before insurance pays
a health maintenance organizations (HMO): - ANSWER provides less flexibility
in selecting doctors than a PPO
medicare:
a. is for those with limited income
b. is for the health care expenses of people aged 65 and older
c. is a government program that covers all medical expenses
d. has two parts to it - ANSWER is for the health care expenses of people aged 65
and older
COBRA... - ANSWER allows you to keep health insurance for a limited time under
your employer's health insurance plan even if you no longer work there
disability insurance... - ANSWER usually has a waiting period before you can make
a claim
life insurance... - ANSWER is to help support those who depend on your income in
the event of your death
in what life stage are you likely to need the most insurance coverage? - ANSWER early
family
