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AAFM Exam CWM_LEVEL_2 Topic 2 Question 84 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 84
Topic #: 2
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Assume the following additional facts:

The Shankers have purchased a homeowner's policy (comprehensive) covering 100% of the replacement cost of their residence. This policy has a Rs. 500 deductible. Also, they have purchased a disability income policy with a 30-day elimination period and an any-occupation definition of disability.

What actions should the Shankers consider in order to improve the quality of the insurance program described above?

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Suggested Answer: B

by Mozell at Aug 06, 2024, 06:30 AM

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Armanda
5 months ago
I think the Shankers should consider adding an umbrella policy to provide additional liability coverage beyond their homeowner's policy.
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Gaynell
6 months ago
I believe they should also review their disability income policy to ensure it provides adequate coverage in case of any unforeseen circumstances.
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Eliz
6 months ago
I agree with you, Iesha. Increasing the deductible can help lower their premium and save money in the long run.
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Iesha
7 months ago
I think the Shankers should consider increasing their deductible to reduce their premium costs.
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Valene
7 months ago
Who needs insurance when you can just live in a bubble, am I right? But in all seriousness, these options seem pretty solid.
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Lettie
7 months ago
Option (I) and (III) seem like the best choices to me. Increasing the deductible and adding an inflation guard could really help improve their coverage.
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Martha
7 months ago
Wait, they have a homeowner's policy and a disability policy? What is this, a two-for-one sale?
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Chara
7 months ago
The homeowner's policy with a 500 deductible seems a bit high. They should consider increasing the deductible to lower the premiums.
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Ivory
6 months ago
It's important for the Shankers to regularly review and update their insurance policies to ensure they have adequate coverage.
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Clorinda
6 months ago
Maybe they should review their disability income policy to see if there are any better options available.
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Pearline
6 months ago
They could also look into adding an umbrella policy for additional liability coverage.
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Chauncey
6 months ago
Consider increasing the deductible on the homeowner's policy to lower the premiums.
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