1. You have been living in your house for several years now. The markets have changed and the value of houses has increased. How should you determine whether you have enough insurance coverage for your home and the contents?

2. What factors should you consider in deciding what type(s) of insurance coverage to purchase for your car? What are 3 things that you can do to help you reduce your premiums?

3. Your friend Isaac is 40 years old. He is married to his wife Madison and they have 3 small children. Both Isaac and his Madison have good paying jobs and are comfortable financially. Isaac has life insurance coverage equal to approximately 8 times his annual salary. Madisons life insurance coverage is for $2,000. They are trying to determine if they have enough life insurance. He has asked you for some advice. Do you think they have enough life insurance and if not, what changes would you recommend?

Isaac and Madisons Financial Data

(assume that their income is equal - $4,500 each)

Monthly income Living expenses Assets Liabilities

$ 9,000 5,975 210,840 99,520

4. What types of insurance would you recommend for Isaac and Madison. Explain your answer.

pls give each answer