Homeowners Policy (HO)Câu 333 / 474
A homeowner runs a side business from the house and keeps $7,000 of stock and equipment there. Under Coverage C on a standard unendorsed form, business property on the residence premises is limited to:
a.$500 for that property
b.$7,000, the full amount
c.$2,500 for that property
d.$1,500 for that property
Giải thích
Business property on the residence premises carries a $2,500 special limit on the standard form, so $4,500 of the $7,000 exposure is uninsured. The $1,500 figure is the jewelry-theft and watercraft limit, and $500 is the credit card and forgery amount. A home business of this size belongs on a business owners policy or an endorsement.
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Câu hỏi liên quan cùng chủ đề
- Two rings worth $2,000 each are stolen in one burglary. Under the special limit for theft of jewelry, watches and furs, the unendorsed policy pays:
- On a standard unendorsed homeowners form, the special limit that applies to securities, deeds, manuscripts and similar valuable papers is:
- A homeowner's small sailboat, its trailer and its outboard motor are damaged by a covered peril. Under Coverage C on an unendorsed form, the most payable for the boat, trailer and equipment together is:
- A house fire destroys $9,000 of silverware. How does the $2,500 special limit for silverware apply to this loss?
- Which class of property is subject to the $200 special limit under Coverage C on a standard unendorsed homeowners form?
- A fire destroys three ornamental trees worth $1,200 each on an insured's lot. Coverage A is $300,000. Under the trees, shrubs and other plants additional coverage, the policy pays:
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