Homeowners Policy (HO)Câu 306 / 474
Coverage D pays fair rental value instead of additional living expense when:
a.a rented part of the home is unfit to use
b.the loss comes from a peril that is excluded
c.the insured picks the larger of two amounts
d.the insured's own family moves to a motel
Giải thích
Loss of use has two halves: additional living expense keeps the insured's own household at its normal standard of living, while fair rental value replaces the rent lost on a portion of the premises held for rental, less any expenses that stop. The motel answer describes the additional living expense side, and neither half responds when the underlying peril is excluded.
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Câu hỏi liên quan cùng chủ đề
- A dwelling is written with Coverage A of $240,000. On an unendorsed Homeowners form, the Coverage C limit is:
- The 50% relationship between Coverage C and Coverage A is best described as:
- Personal property usually kept at an insured's other residence, such as a vacation cabin, is limited to:
- A fire makes a home unlivable. Coverage A is $310,000 and the HO-3 provides loss of use at 30% of Coverage A. The most payable under Coverage D is:
- On an HO-4, the Coverage D limit is stated as a percentage of:
- A unit-owner carries Coverage C of $60,000 on an HO-6. The loss of use limit on that form is:
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