Which of the following statements is (are) true regarding renters insurance? 1. Renters insurance is needed if you rent a house, but is not needed if you rent an apartment. II. The ISO renter's policy provides "all-risks" coverage on the insured's personal property. O I only Oll only O both I and II Oneither I nor II Question 7 Which of the following statements concerning FAIR plans is (are) true? I. All property is eligible for coverage regardless of physical condition. II. Losses and expenses are shared by insurers who participate in a plan. OI only Oll only O both I and II O neither I nor