when considering purchasing renters insurance, a person should know that the premium is based on the tenants…

when considering purchasing renters insurance, a person should know that the premium is based on the tenants income. purpose is to cover monetary losses related to fire, theft, and personal injury. landlords insurance pays the tenant for any personal property losses. landlord must approve any insurance policy the renter intends to buy.

when considering purchasing renters insurance, a person should know that the premium is based on the tenants income. purpose is to cover monetary losses related to fire, theft, and personal injury. landlords insurance pays the tenant for any personal property losses. landlord must approve any insurance policy the renter intends to buy.

Answer

Brief Explanations:

Renter's insurance is designed to cover monetary losses related to fire, theft, and personal injury for a tenant's personal property. A landlord typically does not pay for a tenant's personal - property losses, nor does a landlord need to approve the tenant's insurance purchase. Premiums are not based on the tenant's income.

Answer:

C. purpose is to cover monetary losses related to fire, theft, and personal injury.