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Larry is a tenant in an apartment building. Larry feels liability insurance is unnecessary because he does not own real property. Which one of the
Larry is a tenant in an apartment building. Larry feels liability insurance is unnecessary because he does not own real property. Which one of the following reasons best explains why Larry should carry liability insurance? A. Insurance is required by the terms of his mortgage. B. Statutory liability laws require renters to carry liability insurance. C. Contractual liability laws require renters who sign a lease agreement to carry liability insurance. D. A liability loss potentially exposes all of Larry's assets and future income as payment for damages
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