A Higher Home Insurance Cost May Result From

question 20

Multiple Choice

A higher home insurance cost may result from:

• A)a low crime rate in the area of the insured's residence.
• B)a low credit score of the insured.
• C)fewer insurance claims from the area of the insured's residence.
• D)the lack of a swimming pool at the insured's residence.
• E)fewer captive insurance agents hired by the insurance company.

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Definitions:

Resilient

The ability of an individual to recover quickly from difficulties or adapt to challenging situations with flexibility.

Historical Factors

Elements or circumstances from the past that influence present conditions or situations.

Economic Factors

External elements that influence the performance of economies, including inflation rates, employment levels, and gross domestic product (GDP).

Cultural Factors

Elements of human society that influence behavior, beliefs, and values, including language, norms, and traditions.