Quiz | February 2011

Are You Covered?

You buy insurance to protect your finances from life's surprises. But unless you know the finer points of your policies, you could be left with another surprise -- no coverage where you thought you had it.

We've come up with ten scenarios, all assuming you have a typical homeowner's, auto or health policy. See if you know when you're covered, or when you and your wallet could be left out in the rain:

Quiz

Are You Covered?

Question 1 of 10

You lend your car to a friend. Does your auto insurance cover him or her?

A. Yes
B. No

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Quiz

Are You Covered?

Question 1 of 10

You lend your car to a friend. Does your auto insurance cover him or her?

You're right! A. Yes is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yes.

Generally, your auto insurance will cover a friend driving your car, as long as he or she has a license and has your permission to use the vehicle.

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Quiz

Are You Covered?

Question 2 of 10

During a storm, your neighbor's tree falls on your house. Whose policy covers the damage?

A. Yours
B. Your neighbor's
C. Neither

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Quiz

Are You Covered?

Question 2 of 10

During a storm, your neighbor's tree falls on your house. Whose policy covers the damage?

You're right! A. Yours is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yours.

If a tree falls on your house, you are covered by your own homeowners insurance policy, not your neighbor's.

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Quiz

Are You Covered?

Question 3 of 10

Your basement floods. Good thing you bought a separate flood insurance policy ahead of time. What does it cover?

A. Carpet
B. Furnace
C. Furniture
D. All of the above

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Quiz

Are You Covered?

Question 3 of 10

Your basement floods. Good thing you bought a separate flood insurance policy ahead of time. What does it cover?

You're right! B. Furnace is correct.

Sorry, wrong! is incorrect.

The right answer is B. Furnace.

The only thing on this list that's covered is your furnace. Flood insurance covers structural elements and essential equipment in a basement, but not living improvements made down there. That means it won't pay for furniture or carpets in a basement room, or damaged drywall that has been painted. (It will cover those things upstairs, however.) And don't expect your homeowner's policy to pick up the tab, either.

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Quiz

Are You Covered?

Question 4 of 10

You rent a car. Does your existing auto insurance protect you in case of damage?

A. Yes
B. No

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Quiz

Are You Covered?

Question 4 of 10

You rent a car. Does your existing auto insurance protect you in case of damage?

You're right! A. Yes is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yes.

Typically, your auto insurance will cover a car rental. Before you take a trip, you should check to be sure, or you may need to buy insurance from the rental car company. Check with your credit-card company, too -- it may also provide coverage.

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Quiz

Are You Covered?

Question 5 of 10

Your 18-year-old child goes away to college. Is she still covered under your health insurance?

A. Yes
B. No

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Are You Covered?

Question 5 of 10

Your 18-year-old child goes away to college. Is she still covered under your health insurance?

You're right! A. Yes is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yes.

The health-care-reform law requires insurers to let adult children up to age 26 stay on their parents' policies as long as they aren't covered by an insurance plan at work.

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Are You Covered?

Question 6 of 10

Are your child's belongings covered under your homeowner's insurance while he's living in a college dorm?

A. Yes
B. No

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Quiz

Are You Covered?

Question 6 of 10

Are your child's belongings covered under your homeowner's insurance while he's living in a college dorm?

You're right! A. Yes is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yes.

As long as your child is a full-time student and younger than 24, his belongings are usually covered by the parents' policy if he lives in a dorm. If he moves off campus, he might need to get his own renters insurance policy.

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Are You Covered?

Question 7 of 10

After a shopping spree at the mall, you put the goods in your car. Then you go back in to grab lunch. When you return, you find your purchases have been stolen. Are you covered?

A. Yes
B. No

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Quiz

Are You Covered?

Question 7 of 10

After a shopping spree at the mall, you put the goods in your car. Then you go back in to grab lunch. When you return, you find your purchases have been stolen. Are you covered?

You're right! A. Yes is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yes.

Yes –- theft of your personal property is covered under your homeowners or renters policy. But bear in mind that the insurance company will probably want proof of your loss, so if your receipts were stolen along with the merchandise, you'll have to come up with some other way to prove what you bought. Also check with your credit-card company. Some offer extra purchase protection in case of theft.

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Quiz

Are You Covered?

Question 8 of 10

Does your home insurance policy cover you for earthquake damage?

A. Yes
B. No

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Are You Covered?

Question 8 of 10

Does your home insurance policy cover you for earthquake damage?

You're right! B. No is correct.

Sorry, wrong! is incorrect.

The right answer is B. No.

Unless you buy separate earthquake insurance, you're not covered.

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Quiz

Are You Covered?

Question 9 of 10

How about if there's a nuclear accident or attack nearby?

A. Yes
B. No

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Are You Covered?

Question 9 of 10

How about if there's a nuclear accident or attack nearby?

You're right! B. No is correct.

Sorry, wrong! is incorrect.

The right answer is B. No.

Nope, you're not covered.

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Are You Covered?

Question 10 of 10

What if a volcano erupts? Are you covered then?

A. Yes
B. No

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Are You Covered?

Question 10 of 10

What if a volcano erupts? Are you covered then?

You're right! A. Yes is correct.

Sorry, wrong! is incorrect.

The right answer is A. Yes.

You're in luck! A standard homeowner's policy will cover you against a volcanic eruption.

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Are You Covered?

Results: 0 out of 10 Right

Quiz | February 2011

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