The insured value of your home is usually less than the market price because
A) homeowner's insurance only covers the value of the buildings and structures and not the value of the land.
B) your home depreciates over time and is not worth the market price.
C) of the housing crisis of 2008.
D) of the 2009 recession.
Correct Answer:
Verified
Q16: Why do you need to purchase insurance?
A)To
Q17: Your insurance deductible is
A)the amount you have
Q18: The insurance declaration page states
A)the cost of
Q19: What is the difference between liability and
Q20: What is your out-of-pocket cost for a
Q22: Flood insurance is
A)automatically included in your homeowner's
Q23: What is the coverage of a 20/40/15
Q24: A health insurance deductible is
A)the portion of
Q25: What type of insurance does not cover
Q26: Minimum automobile liability insurance is
A)not something you
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