Homeowners Policy (HO)Pregunta 300 de 474
A home carries Coverage A of $280,000. A detached garage is destroyed and costs $34,000 to rebuild. On an unendorsed form, Coverage B pays at most:
a.$34,000
b.$56,000
c.$28,000
d.$14,000
Explicación
Coverage B is provided at 10% of Coverage A, and 10% of $280,000 is $28,000, so the owner absorbs the remaining $6,000 of rebuilding cost. The $34,000 answer assumes other structures are paid up to their full rebuilding cost; the limit is a stated percentage, and it is an additional amount of insurance rather than a slice carved out of Coverage A.
Practica las 474 preguntas gratis — sin registro.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- 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:
- Under an open-perils dwelling form, the burden of proof at claim time works this way:
- Which of these is insured under Coverage B rather than under Coverage A?
- A homeowner rents a detached backyard cottage to a stranger who runs a salon there. Under Coverage B the cottage is:
- A dwelling is written with Coverage A of $240,000. On an unendorsed Homeowners form, the Coverage C limit is:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Personal Lines Insurance License Exam · Cómo revisamos