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The premiums for homeowner's insurance are based on size of deductible, internal limits, and standard coverage....

The premiums for homeowner's insurance are based on size of deductible, internal limits, and standard coverage. T/F?

Solutions

Expert Solution

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.

jeff jeffy answered 2 years ago
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