STATE: Which of the following statements regarding homeowner's irsurance is true A. The listing agent should advise the seller to cancel homeowner's insurance immediately after B. Vacant properties are always covered by the seller's standard homeowner's insurance police going under contract C.A seller that retains possession after closing may not be covered under their homeowner's insurance policy D. Homeowner's Insurance policy premiums are not affected by previous claims

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter10: Managing Property And Liability Risk
Section10.3: Homeowner’s Insurance
Problem 4CC
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STATE: Which of the following statements regarding homeowner's insurance is true?
A. The listing agent should advise the seller to
cancel homeowner's insurance immediately after by the seller's standard homeowner's
going under contract
B. Vacant properties are always covered
insurance police
C. A seller that retains possession after closing
may not be covered under their homeowner's
insurance policy
D. Homeowner's insurance policy
premiums are not affected by previous
claims
Transcribed Image Text:STATE: Which of the following statements regarding homeowner's insurance is true? A. The listing agent should advise the seller to cancel homeowner's insurance immediately after by the seller's standard homeowner's going under contract B. Vacant properties are always covered insurance police C. A seller that retains possession after closing may not be covered under their homeowner's insurance policy D. Homeowner's insurance policy premiums are not affected by previous claims
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