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Fignment: Chapter 10 Protecting Your Property Homeowners have four forms of homeowner's policies (HO-1, HO-2, HO-3, and HO-8), whereas renters and owners of condominiums have two for (HO-4 and HO-6). Although there are differences in the coverages provided by the different policies, their formats tend to be the same. Consider the following statements regarding the format of a homeowner's policy. 1. Homes made of brick located in areas with low crime rates and frequent fire hydrants are more likely to experience relatively high premiums, all other things being equal. 2. Section Il of the homeowner's policy applies to the dwelling, adjacent structures, and the insured's personal property. 3. A homeowner's policy also protects the trees, plants, and lawn around an insured's home against certain perils. 4. Comprehensive policies provide protection against all perils except for those that are specifically excluded. 5. An HO-8 policy protects your personal property against the same covered perils as are specified in the HO-1 policy. The following statements are true: Statements 1, 2, 3, and 5 O Statement 1 O Statements 3, 4, and 5 O statements 1, 3, 4, ands

Fignment: Chapter 10 Protecting Your Property Homeowners have four forms of homeowner's policies (HO-1, HO-2, HO-3, and HO-8), whereas renters and owners of condominiums have two for (HO-4 and HO-6). Although there are differences in the coverages provided by the different policies, their formats tend to be the same. Consider the following statements regarding the format of a homeowner's policy. 1. Homes made of brick located in areas with low crime rates and frequent fire hydrants are more likely to experience relatively high premiums, all other things being equal. 2. Section Il of the homeowner's policy applies to the dwelling, adjacent structures, and the insured's personal property. 3. A homeowner's policy also protects the trees, plants, and lawn around an insured's home against certain perils. 4. Comprehensive policies provide protection against all perils except for those that are specifically excluded. 5. An HO-8 policy protects your personal property against the same covered perils as are specified in the HO-1 policy. The following statements are true: Statements 1, 2, 3, and 5 O Statement 1 O Statements 3, 4, and 5 O statements 1, 3, 4, ands

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.1: Counting
Problem 84E
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signment: Chapter 10 Protecting Your Property Homeowners have four forms of homeowner's policies (HO-1, HO-2, HO-3, and HO-8), whereas renters and owners of condominiums have two forms (HO-4 and HO-6). Although there are differences in the coverages provided by the different policies, their formats tend to be the same. Consider the following statements regarding the format of a homeowner's policy. 1. Homes made of brick located in areas with low crime rates and frequent fire hydrants are more likely to experience relatively high premiums, all other things being equal. 2. Section 11 of the homeowner's policy applies to the dwelling, adjacent structures, and the insured's personal property. 3. A homeowner's policy also protects the trees, plants, and lawn around an insured's home against certain perils. 4. Comprehensive policies provide protection against all perils except for those that are specifically excluded. 5. An HO-8 policy protects your personal property against the same covered perils as are specified in the HO-1 policy. The following statements are true: Statements 1, 2, 3, and 5 Statement 1 O Statements 3, 4, and 5 Statements 1, 3, 4, and 5
Transcribed Image Text:signment: Chapter 10 Protecting Your Property Homeowners have four forms of homeowner's policies (HO-1, HO-2, HO-3, and HO-8), whereas renters and owners of condominiums have two forms (HO-4 and HO-6). Although there are differences in the coverages provided by the different policies, their formats tend to be the same. Consider the following statements regarding the format of a homeowner's policy. 1. Homes made of brick located in areas with low crime rates and frequent fire hydrants are more likely to experience relatively high premiums, all other things being equal. 2. Section 11 of the homeowner's policy applies to the dwelling, adjacent structures, and the insured's personal property. 3. A homeowner's policy also protects the trees, plants, and lawn around an insured's home against certain perils. 4. Comprehensive policies provide protection against all perils except for those that are specifically excluded. 5. An HO-8 policy protects your personal property against the same covered perils as are specified in the HO-1 policy. The following statements are true: Statements 1, 2, 3, and 5 Statement 1 O Statements 3, 4, and 5 Statements 1, 3, 4, and 5
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