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Question

Create a hypothesis for why homeowners insurance continues to increase annually while renters insurance does not.

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Answer

Homeowners insurance continues to increase annually due to the increasing cost of repairs and replacements for homes, while renters insurance does not increase because renters are not responsible for the cost of repairs and replacements for the property they are renting.

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Homeowners insurance is designed to cover the cost of repairs and replacements for the home and its contents in the event of a covered loss. As the cost...