Homeowners Policy (HO)Pregunta 295 de 474
A unit-owner buys a standard HO-6. Before any endorsement, the built-in Coverage A limit for building property is:
a.$5,000
b.$1,000
c.$25,000
d.$10,000
Explicación
The unit-owners form carries a small built-in Coverage A of $5,000 for building property such as interior fixtures, cabinets and floor coverings that the association's master policy does not insure. That limit is routinely raised by endorsement when the unit has costly built-ins, so the $25,000 answer describes a bought-up limit rather than the standard one.
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Preguntas relacionadas de este tema
- Eligibility for an owner-occupied Homeowners form such as the HO-3 requires that:
- An investor buys a house solely to rent out and does not live there. A Homeowners policy cannot be written because:
- A tenants form (HO-4) differs from the owner-occupied forms mainly because it:
- Which Homeowners form covers both the dwelling and the personal property on an open-perils basis?
- On the HO-2 broad form, the dwelling and the personal property are insured:
- A covered dwelling loss under the HO-8 modified form is settled on the basis of:
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