Principle to Business
posted by Jamye .
When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After many years, Lisa paid off her mortgage. If Lisa decided to comparison shop for homeowner's insurance now, what should the insurance coverage amount be based onâ€¦
a. the original cost to build the house
b. the appraisal value of the house
c the cost to rebuild the house
d. the original cost to build the house
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