Homeowners Policy (HO)Câu 300 / 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
Giải thích
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.
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Câu hỏi liên quan cùng chủ đề
- On the HO-2 broad form, the dwelling and the personal property are insured:
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- 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:
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