Which of the following statements about the additional coverages under Section I of the Homeowners 3 policy is true?
A)There is coverage for the reasonable cost incurred to protect property from further damage after a covered loss occurs.
B)There is unlimited coverage for furnishings of the landlord in an apartment on the premises that is rented to others.
C)Property removed from the premises because it is endangered by an insured peril is covered on a named-perils basis while it is outside the insured premises.
D)Damage caused by the settling of the insured structure is covered as a collapse.

Question

Quizplus · Accepted Answer

Section I of the Homeowners 3 policy provides coverage for additional expenses that are incurred to protect the property from further damage after a covered loss occurs. This coverage is known as "Additional Living Expenses" and includes expenses such as reasonable lodging, meals, and rental if the insured premises is uninhabitable due to a covered loss. It also covers reasonable costs to protect the property from further damage, such as boarding up broken windows or putting a tarp over a leaky roof.

Which of the Following Statements About the Additional Coverages Under