What kinds of protection does homeowners insurance offer quizlet?

Which area is not protected by most homeowners insurance quizlet?

2. What’s NOT Covered On a Standard Homeowners Insurance … Earthquake and water damage. In most states, earthquakes, sinkholes, and other earth movements are not covered by your standard policy.

What are some of the things that can affect the cost and coverage of your homeowner’s insurance choose any that apply quizlet?

Terms in this set (6)

  • homeowner’s.
  • liablility for personal injury.
  • fire and smoke damage.
  • theft of personal property.
  • a mortgage or loan.
  • steward and witness.

Which statement best describes the role of a credit agency quizlet?

Which statement best describes the role of a credit agency? It tracks the use of credit for lenders. What do borrowers use to secure a mortgage loan?

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What are the three main types of financial institutions available to help you manage your finances quizlet?

There are three main types of financial institutions: banks, credit unions, and savings and loans.

What kinds of protection does homeowners insurance offer?

In short, homeowners insurance helps protect you, your home and your belongings from a variety of unexpected events. A standard policy includes four key types of coverage: dwelling, other structures, personal property and liability.

What is not protected by most homeowners insurance?

Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won’t be covered.

What are some typical things not covered in most people’s homeowners policies quizlet?

What are some typical things not covered in most people’s homeowner’s policies? -normal wear and tear of paint, siding, and other similar items. In the past few years, health care has been a topic of discussion and the news. The Supreme Court even has made rulings related to health care.

What is the primary function of insurance quizlet?

The primary function of insurance is to maintain your existing level of wealth by protecting you against potential financial losses or liability as a result of unexpected events.

Which if the following is something that will not affect your homeowners insurance premium?

Which of the following is something that will not affect your homeowners insurance premium? Answer: A (The distance of the home from a school.)

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Why do companies check your credit rating quizlet?

Why do companies check your credit rating? Because many companies believe your credit history lets them know if you would be a good or bad employee. A “credit score” is a three-digit number which rates how much a company likes you personally.

Which information is found on a credit report quizlet?

What are the four categories of a credit report? Your name, current and previous addresses, telephone number, full or partial Social Security number, date of birth and current and previous employment information. What does consumer (personal) information include? The maximum dollar amount that can be borrowed.

In what circumstance would a property insurance claim be rejected quizlet?

Protection. In what circumstance would a property insurance claim be rejected? The insurance company finds that a homeowner intentionally caused damage.

What are 5 services that banks offer?

Individual Banking—Banks typically offer a variety of services to assist individuals in managing their finances, including:

  • Checking accounts.
  • Savings accounts.
  • Debit & credit cards.
  • Insurance*
  • Wealth management.

What are four reasons to keep your money in a financial institution?

6 Reasons to Keep Your Money in the Bank

  • You earn no interest and inflation will eat up your savings. …
  • No FDIC insurance. …
  • You might be burglarized. …
  • You could forget where you hid it. …
  • Someone might replace your mattress (hiding spot) as a surprise gift. …
  • Your dog might eat it!