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What Determines the Cost of Your Homeowner's Insurance

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What determines the cost of your homeowner's insurance?


Definitions:

Functionalist Theory

A sociological perspective that interprets each part of society in terms of how it contributes to the stability and functionality of the whole society.

Stratification

The hierarchical arrangement of individuals or groups in a society based on socio-economic status, power, ethnicity, or other differentiating factors.

Culture of Poverty

A social theory that suggests poverty creates certain cultural attitudes and values that perpetuate the condition across generations.

Rewards

Benefits, compensations, or incentives provided to encourage certain behaviors or achievements, often used in various contexts like work, education, or social interactions.

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