It Is a Good Idea to Sit Down with an Insurance

question 11

Multiple Choice

It is a good idea to sit down with an insurance agent every 1 to 2 years and discuss what is actually covered in your insurance policy. Most home insurance does not routinely cover which type of natural disaster?

• A) Tornadoes
• B) Hurricanes
• C) Wildfires
• D) Earthquakes

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Definitions:

Potential Sellers

Potential sellers are individuals or entities that may be willing to sell goods or services under the right conditions.

Price Floor

A government-imposed minimum price charged on a product, below which it cannot be sold to prevent market prices from falling too low.

Surplus

An excess of revenues over expenses in a budget, or an excess of goods or materials than what is needed.

Price Floor

A government-imposed minimum price that can be charged for a good or service, aimed at preventing prices from falling too low.