3. The coverages and limitations of the homeowner's insurancepolicy What coverages are provided in a homeowner's policy? What is the term used to describe the dollar amount of a physical damage claim paid by the policyholder? O Coinsurance clause Floater O Deductible In general, the method of calculating the basic limits specified in Parts B through D of a homeowner's policy involves multiplying Part A limit by: O 25 %, 10-20 %, and 50%, respectively O 10-20%, 10%, and 50%, respectively O 10%, 50%, and 10-20%, respectively Which of the following could potentially reduce the annual premium on your homeowner's policy. O Never review your coverage or policy O Install smoke and burglar alarms O Reduce the policy's deductible