BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is one way that homeowners insurance differs from renters insurance?
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Homeowners insurance will cover your physical structure (house, condo, etc.), but renters insurance does not
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Homeowners insurance is typically cheaper, because houses are less risky than apartments
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Homeowners insurance will cover car accidents, but renters insurance will not
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Homeowners insurance is completely voluntary, while renters insurance is mandatory
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Explanation:
Detailed explanation-1: -Homeowners insurance covers the actual building you live in (and associated structures such as garages). With renter’s insurance, the landlord will be expected to have coverage on the building, while your insurance will cover your personal property.
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