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
John Ray
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