Which of the following is not a consideration in determining the amount of homeowner's insurance a person needs?
A)Cover the entire replacement cost in the event of a complete loss.
B)Match the insurance coverage of similar homes in your neighborhood.
C)Protect against the effect of inflation eroding away your coverage.
D)Purchase flood or earthquake coverage if you are in an area prone to these occurrences.
E)Determine if detached structures are adequately covered under standard policies.

Question

Quizplus · Accepted Answer

Matching the insurance coverage of similar homes in your neighborhood is not a consideration in determining the amount of homeowner's insurance a person needs. The other options listed are all important factors to consider when selecting homeowner's insurance coverage.

Which of the Following Is Not a Consideration in Determining