In the space provided, write “T” if you believe the statement is true, “F” if the statement is false.

a. Today most insurance policies automatically increase coverage as construction costs rise. 

b. In the past, many homeowners’ policies insured the building for only 50 percent of the replacement value. 

c. Most mortgage lenders do not require that you buy home insurance. 

d. Coverage for personal belongings is usually 55 to 75 percent of the insurance amount on your home.