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ries ials Makayla and Joshua purchased a $400,000 HO-3 homeowner's policy on their two-story, 2,300 square foot residence. They experienced extensive damage to the unattached
ries ials Makayla and Joshua purchased a $400,000 HO-3 homeowner's policy on their two-story, 2,300 square foot residence. They experienced extensive damage to the unattached garage. Assuming that there are no policy endorsements, what is the standard limit of coverage on the loss (Coverage B)? O $120,000 $200,000 O $40,000 $400,000 not covered because no endorsement was added Question 4 Your client owns a standard HO-3 policy, with Coverage C of $250,000. Which of the following items would need to be added as an itemized rider to ensure full recovery of replacement cost? 1) Stolen paintings valued at $6,500 2) Stolen silverware valued at $800 3) Destroyed clothing valued at $1,200 4) Lost diamond ring valued at $7,400 5) Destroyed furniture valued at $6,800 6) Destroyed business property kept in the house and valued at $3,600 1, 2, 3 and 4 1,4 and 6 O1, 2, 4 and 5 1 pts 3, 4 and 5
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