Question

(15 Points)

Abdullah is purchasing homeowner’s insurance. Why might he be doing this?

A)His bank may have required it in order to secure a mortgage.
B)He may live in area of increased earthquake risk.
C)He wants to be covered in case of major catastrophes.
D)All answers are correct.

Answer 1

D - All the answers are correct.

Answer 2

Answer: D) All answers are correct.

Explanation:

Homeowners insurance is the kind of property insurance that covers all the losses and damages that may cause to the individual house and assets available in the home. It is a insurance coverage against the accidents or natural calamities like earthquakes, landslides and other problems that can be caused to the property. It also protects against the loss which can be caused due to mortgage when the property is own by many owners and then subjected to sale.