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Author Question: Which of the following statements about buying homeowners insurance is true? A) There is no ... (Read 93 times)

CharlieWard

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on: Jul 11, 2018
Which of the following statements about buying homeowners insurance is true?
 
  A) There is no reason to carry insurance for more than 80 percent of a dwelling's replacement cost.
  B) The deduction for depreciation will be increased if a personal property replacement cost endorsement is purchased.
  C) Premiums often can be reduced substantially by selecting a higher deductible.
  D) There is little reason to compare cost since the lack of competition results in little price variation among companies.

Question 2

Which of the following statements about an earthquake endorsement for a homeowners policy is (are) true? I. The endorsement also covers landslides and volcanic eruptions. II. The coverage for earthquakes is written without a deductible.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


mceravolo

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


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