Which of the following statements about the ‘Property Insurance’, ‘Motor Vehicle Insurance’, ‘Health Insurance’ and ‘Travel Insurance’ sections of the lecture material are TRUE:

1. According to the course material, it is generally acceptable for young drivers just to take out Green Slip insurance. Comprehensive and third-party property insurance can be expensive, and aren’t really necessary if you are a safe driver and set aside some savings to buy a new car in the event of an accident.
2. In most cases, the main reason to take out travel insurance when travelling overseas is to cover the cost of lost equipment and clothes in the event that your baggage goes missing or is stolen.