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Madeline's son, Felix, is a college student living in a campus dormitory. He drives a car that he parks on the street and wants to
Madeline's son, Felix, 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 apply. His property is covered up to 10% of the coverage on his parents' home. He should purchase an HO-4 broad form insurance policy because he is not covered under his parents' policy. He should tell the insurance agency that he parks in a garage to save money on premiums. Insuring a Condominium Deborah's parents own a condominium that they fully insured for the replacement value of $120,000. 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 H0-4 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) Madeline's son, Felix, 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 apply. His property is covered up to 10% of the coverage on his parents' home. He should purchase an HO-4 broad form insurance policy because he is not covered under his parents' policy. He should tell the insurance will be reimbursed up to 40% of the personal property insurance Insuring a Condominium will be reimbursed up to 20% of the personal property insurance will not be reimbursed st year a portion of their roof collapsed due to Deborah's parents own a condominiu the weight of snow after a severe sto details of their condominium form HO staying in a hotel during the repairs) are not eligible for reimbursement complete repairs. Based on the coverage as a result of the damage (such as the cost of
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