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If the market value of your home is $282000, but the replacement cost of the structure is $200000, how much homeowners insurance should you have?

If the market value of your home is $282000, but the replacement cost of the structure is $200000, how much homeowners insurance should you have?

$200000

$282000

$82000

$482000

A person abstaining from smoking is practicing which of the following methods of risk management?

Risk retention

Risk transfer

Risk avoidance

Risk reduction

Most states have compulsory automobile insurance laws, which require proof of ____________ as a prerequisite to car registration.

comprehensive insurance

real property insurance

collision insurance

liability insurance

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