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Mortgages and Home Ownership

Question 13 • Personal Finance - EL3403

One of the costs of doing so was that her insurance would likely increase in the future.

Answer
A
claims
B
premiums
C
warranties

Explanation

Insurance premiums are the amounts a policyholder pays for insurance coverage, and they may rise after a claim. Claims are requests for payment from the insurer, while warranties are promises about a product or service. So the cost that would likely increase is premiums.

AI-written and checked against the verified answer.