All of the following statements about the Homeowners 6 (unit-owners form) policy are true EXCEPT It includes personal liability coverage. It covers personal property on an "all-risks" basis. It provides limited coverage for improvements and alterations. It provides limited coverage for loss assessments. Which of the following statements about the Homeowners 8 policy is (are) true? I. Losses to the dwelling are settled on a replacement cost basis if the dwelling is insured for its full market value. II. It is designed primarily for expensive, newer, dwellings