DOOD 26. You have an HO-3 policy on your home. The home is worth $100,000 and you have $90,000 of coverage A for the primary residence. There are no additional endorsements on the policy. Your detached garage is completely destroyed by fire. The replacement cost is $12,000. what amount will your insurance company normally compensate you for this loss? Assume there is no deductible. $12,000 $10,000 $9,000 SO 27. Which of the following is TRUE about an HO-3 policy with no endorsements? The dwelling is covered on an open perils basis and the personal property is covered on a broad named-perils basis The dwelling is covered on a broad named-perils basis and personal property is covered on an open-perils basis The deswelling and personal property are all covered on a broad named-perils basis The dwelling and personal property are all covered on an open-perils basis 28. In general, which of the following HO policies would be the most expensive? Coverage with: Named perils coverage for both real and personal property. Open perils coverage for both real and personal property Open perils coverage for real property and named perils coverage for personal property Named perils coverage for real property and open perils coverage for personal property 29. You have an HO-3 policy with a $100,000 personal liability limit. The following five people are injured at your house, which results in expenses of $30,000 each. You, your spouse, your father who is visiting from Ohio, your two best friends who live nearby. What are the total expenses that will be paid by your personal liability coverage? $30,000 $90,000 $100,000 $150,000 30. If you have a homeowner's policy with comprehensive personal liability (CPL) and a personal liability umbrella policy (PLUP), how is the loss apportioned between the policies if you are eligible for damages? CPL is primary and PLUP is excess PLUP is primary and CPL is excess Pro-rata apportionment is used Equal shares apportionment is used