Which of the following statements is (are)true concerning the home business insurance coverage endorsement?
I.It increases the coverage on business personal property at the insured residence from $2,500 to the Coverage C limit.
II.It excludes coverage for liability arising out of the home business.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true. The home business insurance coverage endorsement increases the coverage on business personal property at the insured residence from $2,500 to the Coverage C limit.

Statement II is false. The home business insurance coverage endorsement does not exclude coverage for liability arising out of the home business. Instead, it provides some limited coverage for business-related liability, such as liability for clients who are injured on the insured's property. However, this coverage is usually not sufficient for most businesses and additional liability coverage is recommended.

Which of the Following Statements Is (Are)true Concerning the Home