In order to calculate a renter's insurance premium and know what will be covered, what information does the insurance company need?
A) the policyholder's net worth
B) a list of the policyholder's physical assets
C) the policyholder's credit score
D) a list of the policyholder's liabilities
E) the policyholder's balance sheet
Answer: B
Explanation: B) A person's physical assets include clothes, furniture, computer equipment, and other items that are inside the place of residence and would be covered under the policy. Nonphysical assets include financial things such as bank and retirement accounts.
Business
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