1. You have just had the following items stolen from your home. Which of the item(s) of personal property would not have been covered with HO insurance?

1. Important papers
2. Clothes
3. Stereo
4. Baseball cards
5. Jewelry

2. Why is it for Companies to offer a defined-benefit retirement plan to their employees any more?

1. American Companies are facing global competition by Foreign Companies who dont pay for retirement making them more cost competitive.
2. Demographics have change where people are living longer than they used to, driving up cost for employers.
3. Most employees dont like defined-benefit plans anymore,
4. All of the choices listed are correct.
5. Demographics have change where people are living longer than they used to, driving up costs for employers and American Companies are facing global competition by Foreign Companies who dont pay for retirement making them more cost competitiv

3. What is the main difference between replacement cost coverage and actual cash value coverage?

1. Actual cash value is based on the cost to replace lost or damaged items.
2. All of the choices listed are correct.
3. Replacement cost coverage does not consider depreciation and replacement cost coverage requires an endorsement to your policy.
4. Replacement cost coverage does not consider depreciation.
5. Replacement cost coverage requires an endorsement to your policy.