Questions: What is required to have as a homeowner?
Transcript text: What is required to have as a homeowner?
Solution
The answer is the fourth one: Homeowner's Insurance.
Explanation for each option:
Cable: This is not a requirement for homeowners. Cable services are optional and depend on personal preference for television and internet services.
Phone: Having a phone is not a requirement for homeowners. While it is common for people to have a phone for communication, it is not specifically required for homeownership.
Car Insurance: This is not directly related to being a homeowner. Car insurance is required for vehicle owners to legally drive and protect against liabilities related to car accidents.
Homeowner's Insurance: This is typically required by mortgage lenders to protect the home against damages and liabilities. Even if not required by a lender, it is highly recommended for homeowners to have this insurance to protect their investment.
In summary, Homeowner's Insurance is the requirement for homeowners, especially if they have a mortgage.