1. 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 homeowner’s 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 from 55 to 75 percent of the insurance amount on your home ________ .