Question: Question 15 (1 point) Listen From a perils perspective, what is the main difference between a Homeowners 2 and Homeowners 3 policy? There is no

Question 15 (1 point) Listen From a perils

Question 15 (1 point) Listen From a perils perspective, what is the main difference between a Homeowners 2 and Homeowners 3 policy? There is no difference with respect to perils; HO-2 applies to rented dwellings; HO-3 applies to owned dwellings HO-2 covers all perils, except those specifically excluded by the policy; HO-3 covers only those perils specially named from the policy HO-2 is an open-perils policy; HO-3 is a named-perils policy HO-2 covers only those perils specially named in the policy; HO-3 covers all perils, except those specifically excluded from the policy

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The floor of a heavy storage warehouse building is made of 6-in.-thick stone concrete. If the floor is a slab having a length of 15 ft and width of 10 ft, determine the resultant force caused by the...

PLEASE ANSWER BOTH PLEASE Question 15 (1 point) Listen From a perils perspective, what is the main difference between a Homeowners 2 and Homeowners 3 policy? There is no difference with respect to...

Use the following information to answer questions 12-14. Jasmine borrows Nicki's car with her permission. Nicki has a $100,000 individual bodily injury liability limit under Part A of her PAP;...

Question 16 1 Point Mr. Jones is insured under a Homeowners Broad Form (HO-2). A sudden surge of power from the city's power plant burns out the motor on his freezer and the meat in the freezer...

15. With respect to perils covered, what is the main difference between a Homeowners 2 (HO2) and Homeowners 3 HO3) policy? A. HO2 covers losses caused by only those perils named in the policy; HO3...

15. With respect to perils covered, what is the main difference between a Homeowners 2 (H02) and Homeowners 3 H03) policy? A. HO2 covers losses for those perils named in the policy; HO3 covers losses...

he Left:1:18:39 Md Zahidul Sarker: Attempt 1 Question 17 (2 points) Listen Sammy owns a surf & skate shop insured under a Commercial Package Policy, which provides commercial property coverage...

Question 1 1 Point Personal Injury liability coverage 1. is essentially the same thing as bodily injury coverage. 2. is automatically included in the Homeowners policy. 3. is available to business...

Part A. Show your workings for each. Q1 A non-dividend paying stock is currently trading at $40. The 6-month call option has a strike price of $38. If the stock has a standard deviation of 0.15 and...

Question 1: Flood Insurance is available through all of the following, EXCEPT: The federal government directly Private insurers The state government Question 2: Section I of the Homeowners Policy...

The table below gives the results of an online calculator showing how far (in feet) a vehicle will travel while braking to a complete stop, given the initial velocity of the automobile. Braking...

The Roanoke, Virginia, distributor of Rainwater Beer delivers beer by truck to stores in six other Virginia cities, as shown in the following network: The mileage between cities is shown along each...

A while ago, a couple purchased a home with a sales price of $ 3 4 0 , 0 0 0 , making a 1 5 % down payment and financing the rest with a 3 0 - year adjustable rate mortgage fixed at 3 % for the first...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...