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When Someone Makes a Claim on Their Homeowner's Policy the Rate Usually Goes Down. True False

Problemas

When someone makes a claim on their homeowner's policy the rate usually goes down. True False

Roztwór

Elisa maestro · Tutor durante 5 años
Weryfikacja ekspertów
4.1 (129 Votos)

Respuesta

False

Explicación

## Step 1This problem is related to the field of insurance, specifically homeowners' insurance. The statement given is that when someone makes a claim on their homeowner's policy, the rate usually goes down. ## Step 2Insurance companies typically raise the rates for homeowners who make claims because they are considered high-risk. This is because the insurance company has to pay out more money to cover the damages, which increases their risk.## Step 3Therefore, the statement given is false. When someone makes a claim on their homeowner's policy, the rate usually goes up, not down.