Final answer:
The true statement is that homeowners insurance is required by the lender if there is a mortgage on the house, covering dwelling, contents, and liability, but usually excluding flood damage and damage due to negligence.
Step-by-step explanation:
Among the statements provided, the one that is true regarding homeowners insurance is that it is required by the lender if there is a mortgage on the house. Homeowners insurance is designed to protect the homeowner from financial losses related to their home and possessions. It typically covers the dwelling, other structures on the property, personal property within the home, and liability for injuries that occur on the property. However, it usually does not cover flood damages; separate flood insurance would be needed for that coverage. In the event of a fire, homeowners insurance can cover the repair or rebuilding of the dwelling, replacement of contents, and sometimes provide living expenses if the home is uninhabitable. Additionally, it can cover medical expenses for guests injured on the property, but usually not for the occupants' own medical expenses. Homeowners insurance also typically excludes coverage for damage resulting from negligence.