factors like location, home value, deductible, and coverage limits all affect the cost of property…
factors like location, home value, deductible, and coverage limits all affect the cost of property insurance. which of the following locations is likely to have the highest renters or homeowners insurance costs? choose 1 answer: a a home in an area prone to flooding b a home far away from the coast c a home in a city with few natural disasters d a home in a neighborhood with low crime rates
Answer
Brief Explanations:
Insurance costs are higher in areas with more risk. A home in a flooding - prone area has a greater risk of property damage, leading to higher insurance costs compared to the other options. Areas far from the coast, with few natural disasters, and low - crime neighborhoods have lower risks.
Answer:
A. a home in an area prone to flooding