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Sal should assess the risks, try to reduce them, and make the change.

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Sal should assess the risks, try to reduce them, and make the change.

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Sal paid his annual homeowners insurance on January 10th. He eventually sells his property on March 27th. How will Sal's homeowners insurance be categorized on the settlement statement?

  • Sal will receive a credit for the homeowners insurance paid after March 27th.

  • Sal will receive a debit for the homeowners insurance paid after March 27th.

  • The buyer will receive a credit for the homeowners insurance paid after March 27th.

  • The buyer will receive a debit for the homeowners insurance paid after March 27th.

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