ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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automobile
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homeowners
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renters
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health
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disability
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Detailed explanation-1: -Renters insurance protects tenants from the costs of unexpected personal property damage, theft and legal liability.
Detailed explanation-2: -The liability coverage included in a homeowners, condo or tenant insurance plan protects you financially if you unintentionally cause bodily injury or property damage to others-at your home or anywhere in the world.
Detailed explanation-3: -Renters insurance (sometimes referred to as “tenant insurance") helps cover unexpected events-otherwise known as covered perils. You may not always be able to prevent certain situations, such as theft, a break-in or a visitor’s injury, and that’s where renters insurance comes in.
Detailed explanation-4: -Protects Returns On Investment-Loss of Rent Covers safeguards the returns on investment that is expected from a residential or commercial rental property. It enables the owner of the property to ensure that sunk costs in terms of maintenance and repair are absorbed in the absence of regular rental income.