Transcription of Chapter 6 Checkpoint 6 - G-W Learning
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Chapter 6 Checkpoint 6 - G-W Learning
Copyright by Goodheart-Willcox Co., Inc. Insurance Operations 1 Chapter 6 Checkpoint 1. How does an umbrella liability policy offer protection? Answer: It provides a high coverage limit that kicks in after the limit of other insurance policies have been reached. 2. What is a person s net worth? Answer: The amount of assets minus the amount of liabilities (debt). 3. What is a common deductible for an umbrella liability policy? Answer: $300,000 4. What type of insurance combines with a gap policy? Answer: Automobile insurance. 5. What is a way to eliminate the need to buy gap insurance?
Chapter 6 Checkpoint 6.1 1. How does an umbrella liability policy offer protection? Answer: It provides a high coverage limit that kicks in after the limit of other insurance policies have been reached. 2. What is a person’s net worth? Answer: The amount of assets minus the amount of liabilities (debt).
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