43
QuizMultiple Choice

Unit Test — Unit test

Question 43 • FL-2102371-Personal Finance and Money Management

Read the scenario.Jane canceled her home insurance to save money. A severe storm damaged her house, and she now faces the financial burden of fixing it on her own.Why is it important for property owners to maintain insurance on their homes?

Answer
A
to get reductions on property taxes
B
to receive deals on home appliances
C
to ensure compensation for unforeseen damages
D
to secure a home security service for protection

Explanation

Home insurance can help cover the cost of unexpected damage, such as damage caused by a severe storm. Without insurance, Jane must pay for repairs herself. Therefore, the correct choice is “to ensure compensation for unforeseen damages.”

AI-written and checked against the verified answer.

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