Question

Gregory's apartment catches fire, and he has to replace his sofa. Which policy will most likely cover the cost of replacing the sofa?

Answer 1

The likely policy to cover the cost of replacing a sofa due to fire damage in an apartment is a renter's insurance policy, which covers personal property losses.

Step-by-step explanation:

Gregory's apartment catching fire and the need to replace his sofa most likely involves a claim under a renter's insurance policy. This type of insurance generally covers personal property losses due to events like fires. It would provide funds for Gregory to replace his sofa, and possibly any other personal belongings that were damaged or destroyed in the fire. It is crucial for renters to have such insurance as the landlord's policy typically does not cover the tenant's personal property.