Which of the following statements concerning coverage under the Homeowners 3 policy is true?
A)If a power failure away from the insured dwelling causes a loss,the loss is covered.
B)If a Coverage C peril causes a collapse,the resulting damage is covered.
C)If an insured peril damages a portion of a pair or set (e.g.matching lamps or end tables),the insurer must pay the full value of the entire pair or set.
D)If a discharge from a home appliance causes the home to flood,the loss is excluded..

Question

Quizplus · Accepted Answer

Coverage B in a Homeowners 3 policy typically covers other structures on the property, but the question refers to Coverage C perils causing a collapse. The correct interpretation here is that if a peril covered under the policy (not specifically Coverage C, which actually refers to personal property) causes a collapse, the resulting damage is indeed covered. This is in line with the general coverage principles of homeowners insurance, where damage caused by covered perils, including collapses initiated by such perils, would be covered. The other options are incorrect based on standard exclusions and conditions in homeowners policies.

Which of the Following Statements Concerning Coverage Under the Homeowners