Q1: Which feature should you consider if you are looking to lower your auto premium?

A .Lower liability coverage

B.Raise your deductible

C.Drop full coverage on an automobile you still owe money on

D.Cancel the policy even though you intend to keep driving.

Question 2

You have $500,000 in home owners coverage and the replacement cost of your home is $500,000. Your deductible is $5,000. $50,000 of jewelry is stolen from your home. Which statement is true? Pick the best answer and be sure to read each one.

A. You will likely not be reimbursed to the extent of your losses unless you bought an endorsement for increasing the coverage limit on Jewelry.

B.Since you have 100% coverage on your home you will likely be reimbursed in full for the jewelry minus your deductible.

C.You will not likely need to file a police report in order to file a claim and receive compensation.

D. Your claim will be penalized due to the 80% rule.