Question
1. Lucy owns a house on which she carries a $100,000 HO-3 policy. The replacement cost of the house is $200,000. A fire loss occurs
1. Lucy owns a house on which she carries a $100,000 HO-3 policy. The replacement cost of the house is $200,000. A fire loss occurs that has a replacement cost of $7,628. Her deductible on the policy is $1,000. How much can Lucy collect under her HO-3 policy?
2.
Which of the following factors would generally not be considered in a class rating scheme?
| Community firefighting capability | ||
| Use of the structure | ||
| External surrounding exposures | ||
| Size of dwelling | ||
| The existence of sidewalks around the building |
3.
Which of the following coverages is provided by the PAP?
| Liability insurance | ||
| Rental car reimbursement coverage for any car rental, regardless of why the car is needed | ||
| Medical expense for disease | ||
| Radiation exposure | ||
| Personal property coverage |
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