Southeastern Oklahoma State University FIN 3113 Ch10 HW Complete Answered 100% correctly_ Spring 2023

1. All property insurance companies require you to show the following when making a claim: a. Proof of loss b. Personal property inventory c. Values at the time of inventory d. All of the above. ____ 2. The asset most likely to be specifically itemized in a property insurance endorsement is a. sofa. b. clothing. c. jewelry. d. garden equipment. e. all of these. ____ 3. Your standard HO policy will not include coverage for damage done by a. flood. b. windstorm. c. falling objects. d. wind. e. theft. ____ 4. Which Homeowners' policy is best suited for a resident of a rented apartment to cover that person's personal property? a. HO-3 b. HO-4 c. HO-5 d. HO-8 e. A Homeowners' policy will not apply since the real estate involved is not owned by the insured. ____ 5. Negligence results when a person a. is not insured. b. acts as a "reasonable person." c. fails to act as a "reasonable person." d. admits it. e. is more than 18 years old. ____ 6. Donna, who is single and 30-years-old, has received several speeding tickets recently and was shocked by the effect on her auto insurance. Donna drives a 2002 Pontiac Firebird, is currently not covered by health insurance, has an