Homeowner's annual insurance costs usually amount to approximately ____ percent of the home's market value.
A)0.15 to 0.20
B)0.25 to 0.50
C)0.50 to 0.75
D)0.75 to 1.00
E)1.00 to 2.00

Question

Quizplus · Accepted Answer

Homeowner's annual insurance costs usually amount to approximately 0.25 to 0.50 percent of the home's market value. This means that for a home with a market value of $200,000, the annual insurance cost would be between $500 and $1,000. However, this can vary depending on factors such as location, age, and condition of the home, as well as the amount and types of coverage selected.

Homeowner's Annual Insurance Costs Usually Amount to Approximately ____ Percent