QuestionAugust 3, 2025

Which of the following would you need if you decided to rent your home rather than buy it? bank loan homeowner's insurance renter's insurance mortgage

Which of the following would you need if you decided to rent your home rather than buy it? bank loan homeowner's insurance renter's insurance mortgage
Which of the following would you need if you decided to rent your home rather than buy it?
bank loan
homeowner's insurance
renter's insurance
mortgage

Solution
3.9(143 votes)

Answer

renter's insurance Explanation 1. Identify necessary insurance Renting requires protection for personal belongings and liability, which is covered by renter's insurance. 2. Determine financial requirements Renting does not require a bank loan or mortgage, as these are associated with purchasing a home.

Explanation

1. Identify necessary insurance<br /> Renting requires protection for personal belongings and liability, which is covered by renter's insurance.<br />2. Determine financial requirements<br /> Renting does not require a bank loan or mortgage, as these are associated with purchasing a home.
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