Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Create a hypothesis for why homeowners insurance continues to increase
annually while renters insurance does not.

Sagot :

quayacc13

Answer:

Inflationary clauses in your insurance policy allow for the rising costs of building and associated labor. The cost of building materials such as wood, metal and cement increases each year. Likewise, if the cost of replacing your home increases, chances are your insurance costs will also increase. While that may be good news if you experience a loss, it'll be reflected in your monthly or yearly insurance premiums.

Explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.