Homeowners insurance is required if:A.you have a mortgage on your home.B.your home costs more than $500,000.C.your home is not a single-family dwelling.D.you rent or lease your home.

What is a factor that does NOT affect the cost of homeowner’s insurance? aBrick structure bLocation cCertain dogs, trampolines, and swimming pools dNumber of people living in the home

Using the national annual average spent on homeowners insurance ($637.26 per year), the national average percentage for property taxes (0.96% per year) and the annual 1% of the home's purchase price for maintenance, what is the true cost of a $185,000 home with a 30 year mortgage payment of $1,230.81 over 30 years?$678,980.50$570,989.40$400,900.34$590,000.12

Which of the following would you need if you decided to rent your home rather than buy it? Which of the following would you need if you decided to rent your home rather than buy it? mortgage renter's insurance bank loan homeowner's insurance

Of the following people, who needs to carry homeowner’s insurance as a risk management tool? aA middle aged man living in an apartment bA family that owns a single family home cA married couple in their 50s living together renting a condo dA college student living in a dorm

Renter’s insurance is not required, but a good idea because: athe renter would be liable for their possessions if the rental unit caught on fire bthe landlord’s insurance does not cover the renter’s personal property clandlords do not need to carry insurance policies that replace the tenant’s property dAll of the above