Multiple choice

Which of the following is a form of property insurance that covers a policyholder's belongings against perils?

  1. Renters insurance

  2. Replacement cost

  3. Reinstatement

  4. Rescission
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A Correct answer
Explanation

Renters insurance is a form of property insurance that covers a policyholder's belongings against perils. It also provides personal liability coverage and additional living expenses. Possessions can be covered for their replacement cost or the actual cash value, which includes depreciation.

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