1. When obtaining homeowners insurance for their condo, what factors should the Lawrences consider in determining the amount of home insurance coverage they will need?

2. What are the two categories of automobile insurance coverage that Shelby and Mark should consider when purchasing automobile insurance and what do they include?

3. Explain how Shelby and Mark might use the following Personal Financial Planner sheets (Determining Needed Property Insurance and Automobile Insurance Cost Comparison).

a. Determining Needed Property Insurance

b. Automobile Insurance Cost Comparison