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.

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Definitions:

Colonial Power

A country that establishes control over foreign territories to exploit them economically, politically, and culturally.

Manufactured Products

Goods that have been processed or transformed from raw materials into finished goods ready for sale.

Raw Materials

Basic materials extracted from the environment or that are used in the initial stages of production to make goods.

Tariffs

Taxes levied on imported goods and services, intended to make imported goods more expensive to protect domestic industries.