Homeowners' insurance rates soaring: what you can do
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What difficult decisions are homeowners facing due to rising insurance costs?
Choosing between insurance and luxury vacations
Opting for higher coverage limits
Selecting between different insurance providers
Deciding between insurance and essential needs like medication or food
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are two major factors contributing to the increase in homeowners insurance rates?
Government regulations
Home building costs and severe weather
Technological advancements in home security
Increased competition among insurance companies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By how much are homeowners insurance rates projected to rise by the end of 2024?
10%
20%
15%
6%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one way homeowners can potentially reduce their insurance premiums?
Bundling insurance policies or going paperless
Switching to a different insurance provider every year
Increasing coverage limits
Ignoring policy renewals
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of homeowners currently have no insurance coverage?
20%
12%
5%
25%
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