Question

question 6 (1 point)
a person buys a flat screen, plasma, theater - like television. the person has homeowners insurance. why would it be appropriate to add a personal property floater to that insurance?
a to reduce the premium on the homeowners insurance.
b to protect the person who owns the television from liability for damages.
c to show the insurance company a good faith investment has been made.
d to cover the cost of replacement should the television get damaged or stolen.

Explanation:

A personal property floater is an insurance endorsement that covers specific personal property (like a high - value television) for damage or theft. Option a is incorrect as adding a floater usually increases the premium. Option b is incorrect as liability insurance is for harm to others, not property protection. Option c is incorrect as a floater has nothing to do with showing the insurance company's investment. Option d is correct as the floater is meant to cover the cost of replacing the television if it's damaged or stolen.

Answer:

d. To cover the cost of replacement should the television get damaged or stolen.