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Insurance Information > Insurance > Flashcards

Insurance Flashcards

1
Q

Roof coverage types?

A

-Roof surfaces extended coverage (RS)
-Roof surfaces endorsement with roof payment schedule (RPS)

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2
Q

What is the qualification for roof surfaces extended coverage?

A

-Roof has to be 10 years of age or less

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3
Q

Flood insurance-how to purchase?

A

-A separate policy can be purchased through the National Flood Insurance Plan (NFIP)

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4
Q

What is not included in a standard policy for homeowner’s insurance?

A

-Home maintenance: most homeowners insurance does not cover basic repairs
-Floods and earthquakes: typically, floods and earthquakes are not included in a standard homeowner’s policy. However, there are separate policies consumers can purchase

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5
Q

Earthquake insurance-how to purchase?

A

-Through Ivantage

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6
Q

On average, how many flood losses occur in low-to-moderate risk zones?

A

25%

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7
Q

How many earthquakes on average are experience in the United States yearly?

A

3,000

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8
Q

What is a personal umbrella policy?

A

Helps protect assets if someone sues over an accident and the settlement exceeds the liability limits on auto and/or home insurance

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9
Q

Roof coverage: questions to ask?

A

-How old is your roof?
-What is your roof material?
-What is your roof geometry type?

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10
Q

Standard coverages on homeowners insurance?

A

Your dwelling, other structures, guest medical protection, additional living expenses, family liability protection, personal property

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11
Q

Your dwelling?

A

Covered under your policy and includes your home and structures, such as a garage or deck, that are attached to your home

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12
Q

Other structures?

A

Covered under your policy and include buildings, such as a garage or storage shed, that are separate from the house

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13
Q

Guest Medical Protection?

A

May help pay for necessary medical expenses including surgery, x-rays, and dental work if a guest is injured on your property

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14
Q

Personal property?

A

Such as furniture, and other contents are typically covered

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15
Q

family liability protection

A

helps protect if someone sues you for being injured on your property

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16
Q

additional living expenses

A

reimburses you for reasonable increases in living expenses when a loss Allstate covers makes your home uninhabitable-this may include payments for the cost of rent, hotel, food, and other expenses

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17
Q

Additional Coverage Options

A

-Scheduled personal property
-Increased coverage on business property
-Cameras
-Identity Theft Restoration
-Electronic Data Recovery
-Green Improvement Reimbursement
-Extended Coverage on Jewelry, Watches and Furs
-Musical Instruments
-Sports Equipment
-Water Backup
-Yard & Garden
-Building Code

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18
Q

Scheduled Personal Property

A

Provides increased limits for a specific item that typically has high value and has been appraised, such as an engagement ring or fine antiques

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19
Q

Increased coverage on business property

A

Protects items you’re keeping in your home as business samples or for sale

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20
Q

Cameras

A

Expands coverage for camera equipment

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21
Q

Identity Theft Restoration

A

If your identity gets stolen, this coverage can help with legal work, phone calls, and lost wages

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22
Q

Electronic Data Recovery

A

Covers up to 5,000 for recovery of lost data from computers, such as years of family photos, videos, and music

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23
Q

Green Improvement Reimbursement

A

Reimbursement for the additional expense of replacing items damaged from a covered loss with more energy efficient items as rated by Energy Star

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24
Q

Extended coverage on jewelry, watches, and furs

A

Increases coverage for jewelry, watches, and furs

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25
Q

Musical Instruments

A

Expands coverage for musical instruments

26
Q

Sports Equipment

A

Provides extended coverage for sports equipment

27
Q

Water Backup

A

Helps cover damage in your home from backed up drains or broken sump pumps

28
Q

Building Code

A

Covers increased costs due to the enforcement of any building codes, ordinances, or laws regulating construction, maintenance, or demolition of your home

29
Q

Yard & Garden

A

Increases limits and expands coverage for items including trees, landscaping, and $20,000 for riding lawnmowers

30
Q

Available homeowner’s discounts

A

-Claim-Free discount
-Early signing
-Easy Pay
-Hail-resistant roof
-Home buyer
-Multiple policy
-Protective Device
-Responsible Payment
-Smoke-free
-Welcome and Loyalty

31
Q

Claim-free discount (ho)

A

-Get a discount that continues to build every year (up to 5 years) you don’t file a property claim

32
Q

Early signing (ho)

A

-Switch to Allstate before your old policy expires (at least 7 days) to receive an additional discount

33
Q

Easy Pay (ho)

A

-Earn a discount for SETTING UP automatic withdrawals from your checking or savings account

34
Q

Hail-resistant roof (ho)

A

-If your home has this type of roof installed, you may qualify for a discount

35
Q

Home buyer (ho)

A

-Save on your home policy just for having your auto policy with us. Save even more if you bundle additional policies, too

36
Q

Responsible payment (ho)

A

-Depending on your payment type and payment history, you could qualify for additional savings

37
Q

Smoke-free (ho)

A

-Save on your policy when no one in your household is a smoker

38
Q

New! Welcome and Loyalty (ho)

A

-New customers can earn a discount for the first two years they’re insured, and existing customers can save just for staying with Allstate

39
Q

Enhanced package features (ho)

A

-Claim RateGuard
-Claim-Free Rewards

40
Q

Claim RateGuard (ho)

A

-An optional feature that protects your rate from going up just because of a claim

41
Q

Claim-Free Rewards (ho)

A

-Combines two claim-free benefits. The Claim-Free Discount saves you money if you come to Allstate claim-free. The Claim-Free Discount saves you money if you come to Allstate claim-free. The Claim-Free Bonus is an optional feature you can add to your policy to receive money back each year you go without a claim

42
Q

Basic coverages (car)

A

-Protects you from damage you cause
-Protects you, your passengers, and your car
-Protects you from other drivers

43
Q

Damage you cause

A

-Bodily Injury Liability
-Property Injury Liability

44
Q

Bodily injury liability (car)

A

-Helps pay medical bills, income loss, and legal fees

45
Q

Property Injury liability (car)

A

-Helps repair damage to cars or other property

46
Q

Protects you, your passengers, and your car

A

-Collision, Comprehensive, Medical Payments

47
Q

Collision (car)

A

-Helps cover repairs or replacing your car if damaged

48
Q

Comprehensive (car)

A

-Helps cover car damage from storms, theft, or falling objects

49
Q

Medical Payments (car)

A

-Helps cover medical bills for you and your passengers if injured

50
Q

Protects you from other drivers (car)

A

-Uninsured/Uninsured Motorist

51
Q

Uninsured/Underinsured Motorist (car)

A

-Covers you if a driver with no insurance injuries you or damages your car

52
Q

Add optional coverages (car)

A

-Rental reimbursement, Ride for Hire, Sound System, Roadside Assistance from Allstate

53
Q

Rental reimbursement (car)

A

-Helps you cover the cost of a rental car while yours is in the shop after an accident

54
Q

Ride for Hire

A

-If you use your car for ridesharing, get protection that fills the gap between what the rideshare company’s insurance covers and what your personal auto policy covers

55
Q

Sound System

A

-Covers the cost of replacing stolen or damaged audio and/or video equipment in your vehicle

56
Q

Roadside Assistance from Allstate

A

-You’ll be able to track the service vehicle as it comes, whether you have a dead battery, flat tire or need a tow. Choose from three great service options

57
Q

Upgrade options for your protection with your choice auto

A

-Safe Driving Bonus, Deductible Rewards, Accident Forgiveness, New Car Replacement

58
Q

Safe Driving Bonus

A

-Stay accident-free and get money back twice a year-only from Allstate. Plus, save when you come to Allstate accident-free.

59
Q
A
60
Q

Deductible Rewards

A

-Get $100 off your deductible when you sign up, plus $100 off every year you’re accident-free-up to $500

Insurance Information (6 decks)

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