Insurance Answers

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1
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Why did Maggie not have flood insurance? Check all that apply.

A
Storms in her region are highly unlikely.
B
She wanted to pay for repairs with her own money.
C
She felt she needed to save money.
D
She may have misunderstood her basic homeowners policy.
E
Her expenses were already high before paying for insurance.
2
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What is most likely to happen to Maggie? Check all that apply.

A
Her insurance company will eventually pay the damages.
B
She may have to pay thousands of dollars to repair and replace her possessions.
C
She will convince the insurance company that she has flood coverage.
D
She may lose her home.
E
She may go into debt.
3

What should Maggie do? Check all that apply.

A
find out how much flood insurance costs
B
learn what would be covered by flood insurance
C
look into buying a new house and new furniture
D
decide if the flood insurance costs will benefit her in the future
E
find a new job that will pay more
4

What general conclusions can be drawn about Jordan's situation? Check all that apply.

A
He chose minimal insurance to save money.
B
His experience highlighted the value of understanding different types of insurance.
C
His policy covered damages caused by unidentified drivers.
D
He realized that choosing limited coverage can lead to costly outcomes.
E
He may now be more likely to seek advice before making future insurance decisions.
5

What can be concluded from Jordan and Layla's experience? Choose all that apply.Jordan was protected under Layla's insurance policy since they are family membersJordan's decision to carry only liability insurance left him financially responsible for the damageLayla's comprehensive insurance likely would have covered the type of damage Jordan's car sustained.Jordon lacked collision coverage that would have helped him pay for his car repairs.Full coverage would have required him to pay more out of pocket after the accident.

A
Jordan was protected under Layla's insurance policy since they are family members
B
Jordan's decision to carry only liability insurance left him financially responsible for the damage
C
Layla's comprehensive insurance likely would have covered the type of damage Jordan's car sustained.
D
Jordon lacked collision coverage that would have helped him pay for his car repairs.
E
Full coverage would have required him to pay more out of pocket after the accident.

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