Adequate insurance for their auto-home and life

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Reference no: EM131912387

Eric and Tammy are concerned if they have adequate insurance for their auto, home and life. They have a split limit policy of $50k/$100k/$50 for liability limits and $500 deductibles, but they don’t understand what this really means. Eric and Tammy also have their home insured 100% of its actual cash value and they have replacement cost coverage on their property. They would like you to explain to them what these numbers mean and provide guidance if needed.

Reference no: EM131912387

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