What is the term used to describe the dollar amount of a physical damage claim pald by the policyholder? Floater Deductible Coinsurance clause In general, the method of calculating the basic limits specified in Parts B through D of a homeowner's policy involves multiplying Part A limit by: 10-20%, 10%, and 50%, respectively 10%, 50%, and 10-20%, respectively 25%, 10-20%, and 50%, respectively Which of the following could potentially reduce the annual premium on your homeowner's policy. Carry less coverage than is really needed Install smoke and burglar alarms Reduce the policy's deductible Suppose your garage and gardening were recently damaged by a thunderstorm. The buildings were built 4 years ago for $9,000, were expected to have a useful life of 12 years, and if built today would cost $12,000. Actual cash value, rather than, replacement cost coverage is carried on the structures, and the insured carries a $0 deductible. What is the maximum compensation available under your homeowner's policy for this loss? $9,000 $12,000 $3,000 $6,000 Which of the following describes a strategy that could increase your liability coverage? Decreasing Part E limit on your policy Purchasing a personal liability umbrella policy Purchasing an earthquake or flood insurance policy Regarding basic homeowners insurance coverage, identify policy modifications that could provide better protection during periods of inflation. Check that apply. Increase the coverage on the dwelling to 100% of its replacement cost Increase the coverage on your scheduled personal property Add earthquake coverage Add flood coverage In the coverage on your home computer equipment Which of the following describes a strategy that could increase your liability coverage? Decreasing Part Elimit on your policy Purchasing a personal liability umbrella policy Purchasing an earthquake or flood insurance policy Regarding basic homeowners insurance coverage, identify policy modifications that could provide better protection during periods of inflation. Check 28 that apply. Increase the coverage on the dwelling to 100% of its replacement cost Increase the coverage on your scheduled personal property Add earthquake coverage BODO Add flood coverage Increase the coverage on your home computer equipment Add an inflation rider Grade It Now Save & Continue Chating