Family Law, Wills, and Insurance | Baamboozle - Baamboozle

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Family Law, Wills, and Insurance

Study Slideshow

If one carries 25/50/10 BIPD and 250 COMP and 500 COLL, how much would they pay to repair their OWN car if there is $7000 damage?

$500 (Collison covers YOU and you pay deductible; insurance covers the rest)

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If one carries 25/50/10 BIPD and 250 COMP and 500 COLL, how much would they pay to repair the other person's car if there is $7000 damage?

Nothing; PD covers up to $10,000 and it is not above the limit

15

If one carries 25/50/10 BIPD and 250 COMP and 500 COLL, how much would they pay to repair their OWN car if there is $1000 hail damage?

$250 for Comprehensive deductible

15

The auto insurance premium is $350 a month and too high for Dan's taste. How might he bring the rate down?

Lower coverage for liability will help, but higher deductible for full coverage will help most

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How can you make sure that earthquake is covered in your home insurance policy?

Add a rider; this is likely an exclusion that will cost extra

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What type of reasons might be given to NOT underwrite a life insurance policy?

Poor health (obesity, smoking) or dangerous habits (skydiving, motorcycle)

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If your health insurance has a certain amount you pay to visit the doctor, what is that amount referred to?

Co-pay

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After you meet your deductible, what kicks in at a certain percentage until you reach your maximum out of pocket on health insurance?

coinsurance (pays a certain percentage, like 80%, while you pay the rest until you reach the max out of pocket)

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