16. How can you ensure proper coverage for your property under the Homeowners Policy?

a. Take an inventory.

b. Keep receipts of large purchases.

c. Obtain appraisals of valuable items

d. Schedule valuable items.

e. All of the above.

17. An inventory of the contents of your home:

a. Helps you identify your property risks.

b. Helps you establish your loss for insurance purposes.

c. Helps you determine the current value of your possessions.

d. May show you have more to lose than you thought.

e. All of the above.

18. Governmental entities (such as the CAT Fund in Florida) may have an advantage at insuring correlated loss exposures because

a. governments are in a better position than private insurers to enforce intertemporal pooling contracts

b. correlated loss exposures affect a large number of people

c. pooling across time requires consideration of the time value of money

d. governments are better at determining the price of correlated risks