Q14

Jessica Railes is purchasing a condo and is shopping for an HO-6 policy. Her auto insurer quoted her an annual rate of

$ 480.

However, if she were to insure both the condo and her car with the same company, the insurer would give her a(n)

6

percent discount on her HO-6 policy and a(n)

8

percent discount on her

$1,041

annual auto premium. By how much will this reduce Jessica's premium? In addition to the discount, what are other advantages of purchasing both auto and homeowner's insurance with the same company?

The amount by which Jessica's premium would be reduced is

$nothing.

(Round to the nearest cent.)

In addition to the discount, what are other advantages of purchasing both auto and homeowner's insurance with the same company? Is the following statement True or False?

Another advantage is that if Jessica ever had a claim involving both her home and her car (e.g., a tree falling on a car at home during a wind storm), it would be handled by one company. Further, Jessica only has to build a relationship with one company and insurance agent if she purchases all of her property insurance with one firm.

(Select from the drop-down menu.)