Author Question: John purchased an unendorsed Homeowners 3 policy. The coverage will expire next month. Which of the ... (Read 26 times)

jake

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John purchased an unendorsed Homeowners 3 policy. The coverage will expire next month. Which of the following changes will lower the premium that John will pay?
 
  A) reducing the deductible
  B) adding a replacement cost endorsement for personal property
  C) switching to an HO-2 policy
  D) adding a personal injury endorsement

Question 2

The value of a bond investment, which provides fixed interest payments, will increase when
  discounted at an 8 rate rather than at an 11 rate.
 
  Indicate whether the statement is true or false


cegalasso

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Answer to Question 1

Answer: C

Answer to Question 2

TRUE



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