Which of the following statements about buying homeowners insurance is

Which of the following statements about buying homeowners insurance is true?

A) There is no reason to carry insurance for more than 80 percent of a dwelling’s replacement cost.
B) The deduction for depreciation will be increased if a personal property replacement cost endorsement is purchased.
C) Premiums often can be reduced substantially by selecting a higher deductible.
D) There is little reason to compare cost since the lack of competition results in little price variation among companies.

ANSWER

Answer: C