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Exam (elaborations)

POB Exam QUESTIONS AND CORRECT ANSWERS

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POB Exam QUESTIONS AND CORRECT ANSWERS Life insurance - CORRECT ANSWERS associated with death. Dependent - CORRECT ANSWERS financial support Deductible - CORRECT ANSWERS insurance company pays a claim. Depreciation - CORRECT ANSWERS becomes old and gradually wears out. Medicare - CORRECT ANSWERS Peril - CORRECT ANSWERS Protects survivors against financial loss A person who most rely on another person for The amount that must be paid before the The decrease in value of a property as it Insurance designed for people 65 and older. Causes of loss. *Medical payments coverage - CORRECT ANSWERS members if injured while in their car/ another car. *Uninsured motorist coverage - CORRECT ANSWERS drivers or drivers without insurance money to pay claims. *Comprehensive auto insurance - CORRECT ANSWERS Covers policy holders + family Protection against hit-and-run Protects the insured against almost all damage losses except those caused from a collision or rollover. No-fault insurance - CORRECT ANSWERS People injured in an accident collect for financial losses from their own insurance companies no matter who is at fault.

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POB Exam QUESTIONS AND CORRECT
ANSWERS
Life insurance - CORRECT ANSWERS Protects survivors against financial loss
associated with death.


Dependent - CORRECT ANSWERS A person who most rely on another person for
financial support


Deductible - CORRECT ANSWERS The amount that must be paid before the
insurance company pays a claim.


Depreciation - CORRECT ANSWERS The decrease in value of a property as it
becomes old and gradually wears out.


Medicare - CORRECT ANSWERS Insurance designed for people 65 and older.



Peril - CORRECT ANSWERS Causes of loss.



*Medical payments coverage - CORRECT ANSWERS Covers policy holders + family
members if injured while in their car/ another car.


*Uninsured motorist coverage - CORRECT ANSWERS Protection against hit-and-run
drivers or drivers without insurance money to pay claims.


*Comprehensive auto insurance - CORRECT ANSWERS Protects the insured against
almost all damage losses except those caused from a collision or rollover.


No-fault insurance - CORRECT ANSWERS People injured in an accident collect for
financial losses from their own insurance companies no matter who is at fault.

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