Questions: What is required to have as a homeowner?

What is required to have as a homeowner?
Transcript text: What is required to have as a homeowner?
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Solution

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The answer is the fourth one: Homeowner's Insurance.

Explanation for each option:

  1. Cable: This is not a requirement for homeowners. Cable services are optional and depend on personal preference for television and internet services.

  2. 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.

  3. 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.

  4. 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.

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