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Question

Who among the following would be the most appropriate candidate for homeowners insurance?

  • A) A person living in an apartment with few personal possessions
  • B) A person living in a dorm
  • C) A person having a 30-year mortgage
  • D) A person living in an assisted living facility
Answer

C

Homeowners insurance is meant mainly for those who own homes and have a mortgage on their property. Michael and Bryce seem to be the most eligible for it as they have a 30-year mortgage which is a long-term financial responsibility. The policy will protect them from any unforeseen circumstances such as fire, theft or natural calamities in their residential property, providing them with financial assistance in case of any damage or loss.