32. (TCO 4) Your home insurance policy has a $500 deductible. If a windstorm cau

Question

32. (TCO 4) Your home insurance policy has a $500 deductible. If a windstorm causes $2,500 of damage to your home, what amount of the claim would the insurance company pay? (Points : 4)        $2,000
       $1,000
       $1,500
       $500
       $2,500

Question 33. 33. (TCO 4) John Brown owns a home in Oakland, California and because of the risk of earthquakes, he decides to purchase _____ to cover potential losses. (Points : 4)        building and other structures
       additional living expenses
       personal property
       personal liability
       specialized coverage

Explanation / Answer

32.$1,500
33.building and other structures
34,$5,500
35.an individual insurance policy
36.guaranteed insurability clause
37.renewable
38. $45.2 million
39.small-cap fund.
40.can invest in a shopping center or large building by investing as little as $5,000.
41.precious metals.
42.investments managed by plan officials.
43. $108,000
44.All of the above
45. guardian

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