7. Lowell uses his garage to sell and repair model trains. He earns about $5,000 a...

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7. Lowell uses his garage to sell and repair model trains. He earns about $5,000 a year with this little business and also derives a lot of pleasure from it. The garage is attached to his house. The model trains and related equipment in the garage are worth about $15,000. Lowell's unmodified homeowners policy a. partially covers business-related property inside the garage but not the garage building. ob. covers the garage building and all business-related property inside it. OC. covers the garage building and partially covers the business-related property inside it. Od. covers the garage building but none of the business-related property inside it. 7. Lowell uses his garage to sell and repair model trains. He earns about $5,000 a year with this little business and also derives a lot of pleasure from it. The garage is attached to his house. The model trains and related equipment in the garage are worth about $15,000. Lowell's unmodified homeowners policy a. partially covers business-related property inside the garage but not the garage building. ob. covers the garage building and all business-related property inside it. OC. covers the garage building and partially covers the business-related property inside it. Od. covers the garage building but none of the business-related property inside it.

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Answer is option b Covers the garage building and all business related property inside i... View the full answer