A Major Expense Associated with Home Ownership Would Be

question 109

Multiple Choice

A major expense associated with home ownership would be:

• A)renter's insurance.
• B)the security deposit.
• C)increased value of the property.
• D)real estate taxes.
• E)interest lost on the security deposit.

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Definitions:

Low Premium

Pertains to the relatively small amount paid for insurance coverage or other financial products, compared to higher-coverage options.

High Deductible

A health insurance plan feature requiring the policyholder to pay a significant amount of money before the insurance coverage begins.

High Premium

A term used in insurance to describe the higher cost paid by the insured for a policy with greater coverage or higher risk protection.

No Deductible

A policy condition in insurance where the policyholder is not required to pay any amount before the insurance company starts covering the insured loss.