DROP DOWN FIRST: HO-1,HO-2,HO-3,HO-4,HO-6,HO-8

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

THIRD:

Insuring a Standard Home Amy is the owner of a 15-year-old home, and is looking to buy a homeowner's insurance policy. She feels it would be overly cautious to purchase protection from all perils, but in addition to protection from fire, vandalism, windstorms, and so on, she also wants insurance for damage caused by malfunctioning of internal structures like air conditioning or plumbing. Based on the peril coverage it offers, she purchases an H0-2 insurance policy. HO-3 HO-6 Her home has a replacement value of $250,000, therefore she insures her home for the minimum legal requirement of $ she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maxim reimbursement she can receive for each of the following: Assuming ar value of HO-4 HO-2 HO-8 Damage to personal property: $ Detached buildings: $ HO-1 $ Loss of Use (Additional living expenses): Property damage: $ Insuring while Away at college Insuring while Away at College Amy's son, Van, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full value is insured. Which of the following statements regarding Van's insurance needs are true? Check all that apply. He should tell the insurance agency that he parks in a garage to save money on premiums Van should purchase an HO-4 broad form insurance policy because he is not covered under his parents' policy. O His property is covered up to 10% of the coverage on the home Insuring a Condominium Amy's parents own a condominium that they fully insured for the replacement value of $150,000. 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 repairs. Based on the coverage details of 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) were not eligible for will be reimbursed up to 40% of the personal property insurance will be reimbursed up to 20% of the personal property insurance will not be reimbursed Insuring a Standard Home Amy is the owner of a 15-year-old home, and is looking to buy a homeowner's insurance policy. She feels it would be overly cautious to purchase protection from all perils, but in addition to protection from fire, vandalism, windstorms, and so on, she also wants insurance for damage caused by malfunctioning of internal structures like air conditioning or plumbing. Based on the peril coverage it offers, she purchases an H0-2 insurance policy. HO-3 HO-6 Her home has a replacement value of $250,000, therefore she insures her home for the minimum legal requirement of $ she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maxim reimbursement she can receive for each of the following: Assuming ar value of HO-4 HO-2 HO-8 Damage to personal property: $ Detached buildings: $ HO-1 $ Loss of Use (Additional living expenses): Property damage: $ Insuring while Away at college Insuring while Away at College Amy's son, Van, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full value is insured. Which of the following statements regarding Van's insurance needs are true? Check all that apply. He should tell the insurance agency that he parks in a garage to save money on premiums Van should purchase an HO-4 broad form insurance policy because he is not covered under his parents' policy. O His property is covered up to 10% of the coverage on the home Insuring a Condominium Amy's parents own a condominium that they fully insured for the replacement value of $150,000. 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 repairs. Based on the coverage details of 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) were not eligible for will be reimbursed up to 40% of the personal property insurance will be reimbursed up to 20% of the personal property insurance will not be reimbursed