Homeowner’s insurance premiums are based on a number of factors. Identify the major factors that determine the cost of a homeowner’s policy.
Answer to relevant QuestionsBriefly explain the suggestions that consumers should follow when shopping for a homeowner’s policy.Kim, age 20, is a college student who recently purchased her first car from a friend who had financial problems. The vehicle is a high mileage, 2001 Toyota Corolla with a current market value of $2000. Assume you are a ...The Personal Auto Policy (PAP) contains several coverages that meet the insurance needs of typical insureds. For each of the following coverages, briefly describe the type of coverage provided, and give an example of a loss ...Paige, age 26, has purchased a new Ford sedan. She has a clean driving record. Collision coverage on the car in a small Midwestern city where she lives would cost approximately $630 every six months with a $100 deductible, ...Describe the characteristics of automobile insurance plans.
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