Homeowners Policy (HO)Câu 307 / 474
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:
a.$31,000
b.$93,000
c.$62,000
d.$155,000
Giải thích
Coverage D on an owner-occupied form is written at 30% of the dwelling limit, and 30% of $310,000 is $93,000. The $31,000 answer applies the 10% figure that belongs to other structures, and the $155,000 answer applies the 50% contents relationship to the wrong coverage.
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Câu hỏi liên quan cùng chủ đề
- 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:
- Coverage D pays fair rental value instead of additional living expense when:
- 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:
- A family displaced by a covered fire pays $2,600 a month for a hotel while their normal monthly living cost is $1,700. Additional living expense pays about:
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