Which of the following would you need if you decided to rent your home rather than buy it? Which of the following would you need if you decided to rent your home rather than buy it? mortgage renter's insurance bank loan homeowner's insurance
Question
Which of the following would you need if you decided to rent your home rather than buy it?
Which of the following would you need if you decided to rent your home rather than buy it?
mortgage
renter's insurance
bank loan
homeowner's insurance
Solution
If you decide to rent your home rather than buy it, you would need renter's insurance. This is because when you rent, you are not the owner of the property, so you don't need a mortgage or a bank loan, which are typically associated with buying a home. Homeowner's insurance is also not necessary because it's usually the responsibility of the property owner, not the renter.
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