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The Insured Value of Your Home Is Usually Less Than

Question 38

Multiple Choice

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

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