A Higher Deductible Reduces the Amount of Coverage Provided by Homeowner's

question 123

True/False

A higher deductible reduces the amount of coverage provided by homeowner's insurance, and therefore results in a lower insurance premium.

---

Definitions:

Close Relatives

Individuals who are directly related to someone through blood ties or through legal means, such as adoption.

Microstructures

The patterns of relatively intimate social relations formed during face-to-face interaction. Families, friendship circles, and work associations are all examples of microstructures.

Protestant Ethic

Protestant Ethic is a concept in sociology that correlates Protestantism with the rise of capitalism, emphasizing hard work, frugality, and diligence as a means to success.

Spirit of Capitalism

The set of ethical and cultural values that encourage hard work, thrift, and efficiency in one's occupational calling.