Homeowners Policy (HO)第 293 / 474 题
An investor buys a house solely to rent out and does not live there. A Homeowners policy cannot be written because:
a.a tenant's liability cannot be insured under any form
b.the owner does not occupy the house as a residence
c.an investor has no insurable interest in the house
d.a rented house can only be written on open perils
解析
Owner-occupancy is the eligibility test for a Homeowners form, so a pure rental property is written on a Dwelling policy instead, with rental income insured as fair rental value. The insurable-interest answer is wrong because an owner plainly stands to lose money if the rental house burns.
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同考点相关题目
- Under a Homeowners policy, categories such as jewelry, watches, and firearms are subject to:
- The HO-8 modified Homeowners form is intended for:
- Eligibility for an owner-occupied Homeowners form such as the HO-3 requires that:
- A tenants form (HO-4) differs from the owner-occupied forms mainly because it:
- A unit-owner buys a standard HO-6. Before any endorsement, the built-in Coverage A limit for building property is:
- Which Homeowners form covers both the dwelling and the personal property on an open-perils basis?
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