In: Finance
The premiums for homeowner's insurance are based on size of deductible, internal limits, and standard coverage. T/F?
Size of the deductible is the out-of-pocket expenses you can afford should you need to file an insurance claim
The standard limits are usually set at $100,000, but the policyholder can opt for a higher limit.
Standard homeowners policies provide coverage for disasters such as damage due to fire, lightning, hail and explosions.
The answer is True.