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Drop down options for all : Effect on premium: Advisable: Increase/decrease Yeso Consider Madeline and the adjustments she is considering making to her policy. First
Drop down options for all :
Effect on premium: Advisable:
Increase/decrease Yeso
Consider Madeline and the adjustments she is considering making to her policy. First determine the effect each change would have on her monthly premium, then indicate whether each change is generally advisable by selecting "Yes" or "No" in the final column. Smart Savings on Insurance Premiums Madeline's policy is a FAP and provides liability coverage with limits of 250/500/250, $50,000 of medical payment insurance, and uninsured and underinsured motorist coverage with limits of 250/500. She has collision and comprehensive auto insurance, both with no deductible. Effect on Premium Advisable Increase collision and comprehensive deductible to $500 Eliminate Coverage C Switch from limits of 250/500/250 to 100/300/100 Suppose Madeline gets quotes from other auto insurance companies and finds that one company offers the same coverage as her current plan but for $15 less per month. True or False: Rates do not vary substantially across policies with identical coverage; therefore, you can assume Madeline's current company offers a higher quality of service and/or coverage than the other company. True False
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