which of the following is true about homeowners insurance? a. it is generally more expensive than utilities…

which of the following is true about homeowners insurance? a. it is generally more expensive than utilities for the home. b. if you have a mortgage, you are required to have it. c. it pays for liability you have when you drive your car. d. it will keep your house from burning down.

which of the following is true about homeowners insurance? a. it is generally more expensive than utilities for the home. b. if you have a mortgage, you are required to have it. c. it pays for liability you have when you drive your car. d. it will keep your house from burning down.

Answer

Brief Explanations:

Home - owner's insurance protects the home and its contents. Lenders typically require borrowers with a mortgage to have homeowner's insurance to protect their investment. Utilities are ongoing costs for services like water, electricity etc. and are not directly comparable in cost to insurance. Liability for driving a car is covered by auto - insurance. Homeowner's insurance doesn't prevent a house from burning down but provides financial compensation if it does.

Answer:

B. If you have a mortgage, you are required to have it.