Question

Which of the following provisions of free insurance offered as an incentive to purchase or rent property is TRUE?

1. It is permitted with no charge.
2. It requires a separate charge or fee.
3. If offered as a guarantee of the performance of goods, it is prohibited.
4. If issued by credit unions or with newspaper subscriptions, it is limited under Statute 777.2.

Answer 1

Free insurance offered as an incentive to purchase or rent property is generally provided without an additional charge or fee.

Step-by-step explanation:

Incentives like free insurance are often offered to encourage the purchase or rent of property. In the case of free insurance, it is generally provided without an additional charge or fee. This means that the insurance is included as part of the overall cost or rental fee of the property. It is not required to be purchased separately.