6
AssignmentMultiple Choice

Mortgages and Home Ownership

Question 6 • Personal Finance - EL3403

Which type of insurance should Melissa purchase to protect her belongings?

Answer
A
automobile insurance
B
casualty insurance
C
flood insurance
D
renter’s insurance

Explanation

Renter’s insurance is designed to protect a tenant’s personal belongings, such as furniture, clothing, and electronics, from covered losses. Automobile insurance covers vehicles, while flood insurance covers certain flood damage. Casualty insurance is a broad category and is not the specific policy Melissa needs for her belongings as a renter.

AI-written and checked against the verified answer.

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