Question

Edward paid an annual premium of $2,000 in total coverage for his homeowner's insurance, including $250,000 in damage coverage and $250,000 in liability coverage. Six years into his policy, a tree fell on Edward's home and caused $50,000 worth of damage. Edward's insurance company paid the claim.

Answer 1

with the annual premium of $2,000 in total coverage (home), including $250,000 in demage coverage and $250,000 in liability. the cost of the annual premium for six years was less than the accident claims.

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