Zach and Laura recently purchased a new home. They came to your office to ask several questions about their homeowner's policy. Which of the following is true regarding homeowners insurance?

a. Most policies cover all possible losses.

b. Most policies cover all possessions within the home.

c. Zach and Laura should probably have an open perils and replacement value for all property covered under the homeowners policy.

d. Broad peril coverage means the insurance company covers ‘all” perils.