Ch 10: Assignment - Managing Property and Liability Risk on one s property. Appiy your knowiegge or the aimerent poicy cypes and reatures to tne tnree scenanos deiow: Insuring a Standard Home Alyssa 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 faling 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 should purchase an insurance policy Insuring While Away at College Madeline's son, Felly, is a college student living in a campus dormitory. He drives a car that he parks on the street and wants to make sure the full value is insured. Which of the following statements regarding her son's insurance needs are true? check all that apoly. Insuring While Away at College Madeline's son, Fellx, is a college student llving in a campus dormitory. He drives a car that he parks on the street and wants to make sure the full value is insured. Which of the following statements regarding her son's insurance needs are true? Check all that apply. His property is covered up to 10% of the coverage on his parents' home. He should tell the insurance agency that he parks in a garage to save money on premiums. He should purchase an HO-4 broad form insurance policy because he is not covered under his parents' pollicy. Insuring a Condominium Alyssa's parents own a condominlum that they fully insured for the replacement value of $300,000, Last year a portion of their root collapsed due to the weight of snow after a severe storm, rendering the condo uninhabitable for the month that it took to complete repairs. Based on the coverage; details of their condominium form insurance policy, the additional living expenses they incur as a result of the camage (such as the cost of staying in a hotel during the repairs)