Homeowners Policy (HO)第 291 / 474 题
The HO-8 modified Homeowners form is intended for:
a.Renters who insure their contents but not the building
b.Older homes whose replacement cost exceeds market value
c.New luxury homes needing the broadest available coverage
d.Condominium owners insuring interior building items
解析
The HO-8 modified form is designed for older or historic homes where replacing with identical materials would cost far more than the home's market value. It settles losses on a functional replacement or actual cash value basis rather than full replacement cost, keeping the policy affordable and insurable. Renters use HO-4, condo owners use HO-6, and the broadest coverage is the HO-5 comprehensive form.
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同考点相关题目
- Under a Homeowners policy, which coverage provides additional living expense when a covered loss makes the home temporarily uninhabitable?
- Coverage F (Medical Payments to Others) under a Homeowners policy pays medical expenses for an injured guest:
- Under a Homeowners policy, categories such as jewelry, watches, and firearms are subject to:
- Eligibility for an owner-occupied Homeowners form such as the HO-3 requires that:
- An investor buys a house solely to rent out and does not live there. A Homeowners policy cannot be written because:
- A tenants form (HO-4) differs from the owner-occupied forms mainly because it:
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