1st dropdown:

HO-2, HO-8, HO-3, HO-4, HO-6, HO-1

2nd drop down:

HO-2, HO-8, HO-3, HO-4, HO-6, HO-1

3rd dropdown:

- will not be reimbursed

- were nit eligible for

- will be reinbursed up to 20% of tje personal property insurance

-will be reimbursed up to 40% of the personal property insuracne.

Teresa is the owner of a 30-year-old home, and is looking to buy a homeowner's Insurance policy. The previous home she owned was severely damaged by a tree falling through the roof, a peril that was not covered by her basic-form policy, therefore she is looking to buy a comprehensive policy that covers damage from all perils (except those specifically excluded). Based on the peril coverage it offers, she purchases an HO-3 Insurance policy Her home has a replacement value of $150,000, therefore she insures her home for the minimum legal requirement of S Assuming she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of reimbursement she can receive for each of the following: Damage to personal property Detached buildings Loss of Use (Additional living expenses)! Property damage Insuring While Away at College Teresa's son, Sam, is a college student living in a campus dormitory. He drives a car that she paris on the street and wants to make sure the full value is insured. Which of the following statements regarding Sam's insurance needs are true? Check all that apply. Sam should purchase an HO 4 broad for insurance policy because he is not covered under his parents' policy He should tell the insurance agency that he porks in a garage to save money on premiums His property is covered up to 10% of the coverage on the home Insuring a Condominium Teresa's parents own a condominium that they fully insured for the replacement value of $90,000. Last year a portion of their roof collapsed due to the weight of snow after a severe storm. rendering the condo uninhabitable for the month that it took to complete repolrs. Based on the coverage details or their condominium form Insurance policy, the additional living expenses they incur as a result of the damage (such as the cost of staying in a hotel during the repairs) Teresa is the owner of a 30-year-old home, and is looking to buy a homeowner's Insurance policy. The previous home she owned was severely damaged by a tree falling through the roof, a peril that was not covered by her basic-form policy, therefore she is looking to buy a comprehensive policy that covers damage from all perils (except those specifically excluded). Based on the peril coverage it offers, she purchases an HO-3 Insurance policy Her home has a replacement value of $150,000, therefore she insures her home for the minimum legal requirement of S Assuming she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of reimbursement she can receive for each of the following: Damage to personal property Detached buildings Loss of Use (Additional living expenses)! Property damage Insuring While Away at College Teresa's son, Sam, is a college student living in a campus dormitory. He drives a car that she paris on the street and wants to make sure the full value is insured. Which of the following statements regarding Sam's insurance needs are true? Check all that apply. Sam should purchase an HO 4 broad for insurance policy because he is not covered under his parents' policy He should tell the insurance agency that he porks in a garage to save money on premiums His property is covered up to 10% of the coverage on the home Insuring a Condominium Teresa's parents own a condominium that they fully insured for the replacement value of $90,000. Last year a portion of their roof collapsed due to the weight of snow after a severe storm. rendering the condo uninhabitable for the month that it took to complete repolrs. Based on the coverage details or their condominium form Insurance policy, the additional living expenses they incur as a result of the damage (such as the cost of staying in a hotel during the repairs)