Question

Factors like location, home value, deductible, and coverage limits all affect the cost of property insurance.

Which of the following homes is likely to have the highest renter's or homeowner's insurance costs?
Choose 1 answer:
Choose 1 answer:
(Choice A) a large, expensive house
A
a large, expensive house
(Choice B) a medium-sized, moderately-priced townhouse
B
a medium-sized, moderately-priced townhouse
(Choice C) a small, inexpensive apartment
C
a small, inexpensive apartment
(Choice D) a tiny home with minimal belongings
D
a tiny home with minimal belongings

Answer 1

[AI-generated answer — Bot GPT 3.5]

Choice A) a large, expensive house is likely to have the highest renter's or homeowner's insurance costs. Larger, more expensive homes typically have higher replacement costs and more valuable belongings to insure, resulting in higher insurance premiums.