• Home
  • Get A Quote
  • Customer Service
  • Pay My Bill
  • File a Claim
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us

Home | Customer Portal | Pay My Bill | File A Claim | Request A Quote | Mortgagee Request
  

Our Office Hours are 8am - 4:00pm Monday - Friday  You are encouraged to call first to see if we can help you by phone. You can also call your insurance company directly.  Their contact information is found here Pay My Bill.logo by&d

 Give us a call! (508) 487-0500  (508) 349-6311 (508) 432-1256

 

  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
      • Workers Compensation Quote
      • General Liability Quote Request
    • Condominium
    • Dental
    • Flood
    • HealthImage of right arrow
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • Homeowners
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Personal Umbrella Insurance
    • Renters
    • Special Events InsuranceImage of right arrow
      • Wedding Protector Plan Quotes
      • Private Events Protector Plan Quote
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Driver to Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Add Driver to Existing Commercial Auto Policy
      • Mortgagee Insurance Request
      • General Liability Certificate Request
    • Flood
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Mortgagee Insurance Request
    • Watercraft & Boat
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Benson, Young & Downs Insurance Agency, LLC
    • Our Locations
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter

 

 

Home > Blog > Test Your Insurance Knowledge

 

THURSDAY, JANUARY 10, 2019

Test Your Insurance Knowledge

Test Your Insurance Knowledge Today

Test Your Insurance Knowledge Today

Do you ever feel confused by the finer points of homeowners insurance (or any other insurance-related topic)? You’re not alone.

The most familiar terms also tend to be the most commonly misunderstood. If you want to make the most of your policy and avoid surprises down the road, it might be time to test your knowledge with a quick quiz.

True or False?

Can you answer the following questions with confidence? Let’s see how much you know about your coverage.

A premium is a one-time fee you pay to instate coverage.

False. Premiums can be paid on an ongoing monthly or yearly basis and are priced based on the type and amount of coverage you choose.

A deductible is the amount you will need to pay out of pocket before your coverage will kick in.

True. Double-check the amount of your deductible so you’ll be prepared if you ever need to make a significant claim.

A claim is submitted to your insurance company when you’re requesting money to reimburse you for damages covered by your policy.

True. Have questions about how and when to submit a claim? Reach out anytime.

“Actual cash value” only takes into account the current market value of your home.

False. This term also refers to the amount needed to replace your possessions (minus wear and tear since you bought them). Note that actual cash value policies and replacement cost insurance offer different benefits -- check in if you’d like to learn more.

Very few people really need “floater” policies.

False. Floater insurance can be added to your current policy to protect valuable items that can be transported. Typical examples include sporting equipment, musical instruments, jewelry and cameras.

How did you do? If you still have questions, please get in touch today.


Posted 5:46 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

  • insurance(2)
  • driving(1)
  • fresh(1)
  • auto(1)
  • paperwork(1)
  • fence(1)
  • replacing(1)
  • idea(1)
  • distracted(1)
  • important(1)

View Mobile Version
Facebook
LinkedIn
Twitter
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo

Resources

Home About Us Get a Quote Customer Service Newsletter Contact Us TC

Contact Us

  • 56 Howland St.
  • Provincetown, MA 02657
  • Phone: 508-487-0500
  • Email: insure@byandd.com
© Copyright. All rights reserved.
“Information provided on this website does not constitute professional advice. If you have legal, tax or financial planning questions, you need to contact a qualified professional.”
Powered by Insurance Website Builder