The Sampsons A Continuing Case As the next step in reviewing their finances, the Sampsons are assessing their insurance needs related to their vehicles and home. They currently have auto insurance on their two cars. Each insurance policy has a $1,000 deductible and specifies liability limits of 100/200/20 (see the chapter if you dont remember what these mean). They have collision and comprehensive coverage on each of their two cars. Their homeowners insurance covers the market value of their home and has a deductible of $10,000. Their policy does not cover floods, which periodically occur in their area. Their house has never been flooded, though, so Dave and Sharon are not concerned. Based on the above, and what you learned from reading Chapter 11, provide answers to the following Advise the Sampsons regarding their auto insurance. In your response below, include answers to the following questions: 1) Do they have enough insurance? Do they have too much insurance? Provide rationale for your position. Also include a brief explanation of what their current liability coverage will pay for in the event of an accident. (Explain what the 100/200/20 means). 2) How might they be able to reduce their premium? Provide multiple suggestions, and discuss the pros and cons of these possible actions for the Sampsons. Advise the Sampsons regarding their homeowners insurance. In your response below, include answers to the following questions: 1) Do they have enough insurance? Do they have too much insurance? 2) Do they have the right type of insurance? 3) Should they increase their deductible? Remember to explain your answers.