BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 6

Question 31.31. (TCO 3) The _____ is considered to be the assessed
value of your home. (Points : 4)

Question 32.32. (TCO 4) Your home insurance policy has a $250
deductible. If hail causes $1,500 damage to your home, what amount
of the claim would the insurance company pay? (Points : 4)

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)

Question 34.34. (TCO 4) Martina has a policy that includes a $500
deductible and a coinsurance provision requiring her to pay 10%
thereafter. Her medical bills total $5,500. What amount is she
required to pay personally? (Points : 4)

Question 35.35. (TCO 4) _____ is a healthcare institution that directly
contracts with specific medical care specialists in order to provide
healthcare services in exchange for a fixed, prepaid monthly
premium. (Points : 4)

Question 36.36. (TCO 4) If Mary Lou applies for a life insurance
policy and lies about her age, a _____ provision will state that her
benefits will be what her premium would have bought if she had been
truthful about her age. (Points : 4)
Question 37.37. (TCO 4) If Frank has a term life insurance policy
that is _____, this means that he can obtain additional years of
protection at the end of the initial term without the need for a medical
examination. (Points : 4)