1. The insured value of your home is usually less than the market price because: a. Homeowner’s insurance covers just the value of the buildings and structures and not the value of the land. b. Your...

1. The insured value of your home is usually less than the market price because:

a. Homeowner’s insurance covers just the value of the buildings and structures and not the value of the land.

b. Your home depreciates over time and is not worth the market price.

c. Insurance companies cannot afford to cover the replacement value of your home.

d. All of the above