Which of the following will not help Robert lower his homeowners insurance premium?

Question

a.
Increase the deductible on his policy.
b.
Remove replacement cost from his policy.
c.
Reduce the number of riders on his policy.
d.
Increase the total coverage of his home on his policy.

Answer 1

d. Increase the total coverage of his home on his policy.

Increasing the total coverage of his home will typically raise, not lower, the homeowners insurance premium. In contrast, increasing the deductible, removing replacement cost, and reducing riders could help lower the premium.