1. On a depreciating asset most likely the insurance premium would be higher for
A. A replacement cost policy
B. A value based policy
C. This make no difference
D. High deductible policy
2. High insurance deductible usually means:
A. lower premiums
B. Higher premiums
C. No difference in premium
D. you are willing to take on more risk
3. Evaluating insurance coverage needs involves
A. Looking at the costs verses the potential for exposure
B. Only getting coverage that is required by the contract
C. Only getting coverage required by law
D. Speaking to the owner and covering what they want