Homeowners Policy (HO)Pregunta 297 de 474
On the HO-2 broad form, the dwelling and the personal property are insured:
a.on an open-perils basis with few exclusions
b.for fire and lightning and smoke only
c.against the broad form list of named perils
d.on an open-perils basis for the dwelling alone
Explicación
The broad form runs both the building and the contents off the same list of named perils, so a loss is paid only if the insured can point to a peril on that list. The answer that puts open perils on the dwelling alone describes the HO-3, and the fire-and-lightning answer describes a much narrower basic form.
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