Answered

Fill in the blank with the correct answer.

Homeowner's insurance should be "guaranteed [choose your answer]" instead of "extended."



Answer :

Final answer:

Homeowner's insurance should be based on replacement value to cover repair costs effectively.


Explanation:

Homeowner's insurance is essential to protect one's home against various risks like fire, theft, and liability. It should be based on the concept of replacement value to cover the cost of rebuilding or repairing the house and its contents. Different types of homeowner's insurance policies offer varying levels of coverage, with premiums adjusted accordingly.


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