Quiz: How Well Do You Know Your Insurance Policy? January 4, 2022 Are you familiar with your Oklahoma Farm Bureau Insurance policy? “Yeah, I practically have it memorized!” “…well, kinda.” Answer the following questions to test your OKFB insurance policy knowledge. The prize for a perfect score? Major bragging rights. (Scroll down to see the answers!) However, if your score isn’t what you expected and you have some questions, don’t worry! Your OKFB agent will be happy to answer any questions you have – no matter how big or how small. We’re here for you. What is “umbrella coverage”? a. Coverage that only goes into effect during inclement weather b. Coverage that provides higher limits of protection c. Coverage that protects your umbrella against damage and/or theft Which of the following is NOT considered a ‘dwelling?’ a. A home b. A mobile home c. Any shop that sells food or drink items If you want to contact your local agent, what do you do? a. Visit the Find An Agent page on the OKFB website b. Holler real loud c. Call the operator What is a CD? a. One of those tiny records kids are listening to these days b. Celine Dion’s initials, of course c. A certificate of deposit – a low-risk money management tool that provides you with a fixed interest rate Can a jet ski be placed on a boat insurance policy? a. Yes b. No c. Yes, but only if it’s really cool I’m building a home. Can I insure a home that’s under construction at any time throughout the construction process? a. Yes, as long it doesn’t have more than 5 bedrooms b. No, the policy must be put into effect before construction of the home begins above ground level c. Maybe, but your contractor will decide How many Oklahoma counties have OKFB Insurance offices? a. 5 b. All 77 c. 56 What animals can be insured on the 4H/FFA policy? a. All animals, excluding dolphins b. Any animal that walks on 4 legs is eligible c. Show animals belonging to club members of the insured 4H or FFA club Does General Liability cover me if my employees are injured? a. No, you will need a Workers Compensation policy to cover your employees b. Yes. c. Only if you’re at fault Are my farm employees allowed to drive my insured farm automobiles? a. Only if they drive under 10 miles per hour b. Yes, if their driving record is acceptable c. Yes, but off-road vehicles are excluded ANSWERS What is “umbrella coverage” anyway? Answer: B. Umbrella coverage provides higher limits of protection against bodily injury or property damage claims by a third party. Which of the following is NOT considered a ‘dwelling?’ Answer: C. A dwelling is a house, apartment or other place where you live. If you want to contact your local agent, what do you do? Answer: A. Visit the Find An Agent page on the OKFB website. What is a CD? Answer: C. A certificate of deposit – a low-risk money management tool that provides you with a fixed interest rate. When you deposit your money into the account, however, you agree not to make any withdrawals for a certain period of time. You get your money in addition to whatever was earned in interest back at the end of that time. Can I place a jet ski on a boat insurance policy? Answer: A. Yes. Boat Insurance options and features include: Liability Medical payments Physical damage Ask your OKFB agent about insuring your jet skis on a Boat Insurance policy. I’m building a custom home. Can I insure my home at any time throughout the construction process? Answer: B. No, the policy must be put into effect before construction of the building begins above ground level. If you’re a builder, then check out available coverage options for builders. How many Oklahoma counties have OKFB offices? Answer: B. You can find OKFB agents in all 77 Oklahoma counties. Use the Find An Agent tool to locate an agent in your area. What animals can be insured on the 4H/FFA policy? Answer: C. You may insure show animals belonging to club members of the insured 4H or FFA club. Raising a lamb, pig or other farm animal for 4-H or FFA club exhibitions or contests requires skill, hard work and lots of dedication. Therefore, consider insuring your animals with 4-H and FFA insurance from a company that understands the effort you put into your show animals. Does General Liability cover me if there are injuries to my employees? Answer: A. You will need a Workers Compensation policy to cover your employees. However, if you don’t know what kind, or how much coverage you need, contact your OKFB agent. We’re happy to help! Are my farm employees allowed to drive my insured farm automobiles? Answer: B. Yes, farm employees may drive your insured farm automobiles however, their driving record must acceptable. You can easily provide their driver’s license information to your OKFB agent to add them as approved drivers.