Which of the following statements about Coverage B of the HO-3 policy is true? it covers damage to a detached shed that is used to store non-owned business property coverage applies to a detached garage that is rented to a local artist for use as an art studio the coverage is provided on a named-peril basis the most that the insured can collect for damage to non-building structures is actual cash value (ACV) Which of the following statements regarding Coverage C of the HO-3 policy is true? 1. The policy covers only personal property owned by an insured. II. The policy covers personal property while it is on or off the "residence premises." neither I nor 11 Tonly both I and II Oll only Which of the following property is covered under Coverage C of the HO-3 policy? a jet ski owned by the named insured's resident son the named insured's business data stored on his laptop computer personal property owned by an unrelated tenant who is renting a room from the named insured a cat owned by the named insured's spouse