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Down options from the top to the bottom: 1). HO-2 / HO-8 / HO-3 2). HO-8 / HO-3 / HO-1 3). HO-8 / HO-4 /
Down options from the top to the bottom:
1). HO-2 / HO-8 / HO-3
2). HO-8 / HO-3 / HO-1
3). HO-8 / HO-4 / HO-3
What are the different forms of the homeowner's policy? Homeowners have four forms of homeowner's policies (HO1, HO-2, HO3, and HO - B), whereas renters and owners of condominiums have two forms (HO-4 and HO6 ). Although there are differences in the coverages provided by the different policies, their formats tend to be the same. Consider the following statentents regarding the format of a homeowner's policy, 1. The HO1,HO2,HO3, and HO8 policies differ in the breadth of theit coverages, with HO1 offering the greatest protection and HO3 offering the least amount of coverage 2. Harneowner's policies provide protection and cornpensation for direct and indirect losses, and specilied additional expenses resulting from their occurrence. 3. The HO-4 and HO-6 policies provide ontly personal effects coverage because the insured doesn't own the premises. 4. Acts for which the insured is negligent are often excluded from the comprehensive personal liability coverage. 5. Part F of Section II provides medical payments coverage for certain types of minor accidents involving persons other than the homeowner's family members in or around the home and olf premises. The following statements are true: Statement 2 Staterrients 2,3 , and 4 Statefients 1, 2, 3, and 5 Statements 2 and 5 Section II of the horneowner's policy provides which types of insurance toverage? Check all that apply. Comprehensive personal liability coverage Cornprehensive coverage against intentional wrongdoing carried out by the insured homeowner Medical payments coverage for non-family members Whid of the following are coverages provided by Section If of the homeowner's policy? Check all that apply. The payment of court costs The cost of defending the insured homeawner The reasonable expense incurred by the homeowner in assisting in the insurance compamy's defense Consider the following situations and, based solely on the information given, indicate the most appropriate form of homeowner's policy or suppiemental ficater. An individual who owns an exterisive art collection or furs or fine art that is worth more than the traditional coverage provided by Part C of the harneowner's policy receives better protection using which of the following insurance products? A scheduled personal property floater An HO-8 policy A blanket personal property lloater What are the different forms of the homeowner's policy? Homeowners have four forms of homeowner's policies (HO1, HO-2, HO3, and HO - B), whereas renters and owners of condominiums have two forms (HO-4 and HO6 ). Although there are differences in the coverages provided by the different policies, their formats tend to be the same. Consider the following statentents regarding the format of a homeowner's policy, 1. The HO1,HO2,HO3, and HO8 policies differ in the breadth of theit coverages, with HO1 offering the greatest protection and HO3 offering the least amount of coverage 2. Harneowner's policies provide protection and cornpensation for direct and indirect losses, and specilied additional expenses resulting from their occurrence. 3. The HO-4 and HO-6 policies provide ontly personal effects coverage because the insured doesn't own the premises. 4. Acts for which the insured is negligent are often excluded from the comprehensive personal liability coverage. 5. Part F of Section II provides medical payments coverage for certain types of minor accidents involving persons other than the homeowner's family members in or around the home and olf premises. The following statements are true: Statement 2 Staterrients 2,3 , and 4 Statefients 1, 2, 3, and 5 Statements 2 and 5 Section II of the horneowner's policy provides which types of insurance toverage? Check all that apply. Comprehensive personal liability coverage Cornprehensive coverage against intentional wrongdoing carried out by the insured homeowner Medical payments coverage for non-family members Whid of the following are coverages provided by Section If of the homeowner's policy? Check all that apply. The payment of court costs The cost of defending the insured homeawner The reasonable expense incurred by the homeowner in assisting in the insurance compamy's defense Consider the following situations and, based solely on the information given, indicate the most appropriate form of homeowner's policy or suppiemental ficater. An individual who owns an exterisive art collection or furs or fine art that is worth more than the traditional coverage provided by Part C of the harneowner's policy receives better protection using which of the following insurance products? A scheduled personal property floater An HO-8 policy A blanket personal property lloaterStep by Step Solution
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