The major difference between the dwelling coverage (Part A) of the Homeowners 2 (Broad From) policy and the Homeowners 3 (Special Form) policy is that
A) the HO-3 provides open perils ("all risks") coverage and the HO-2 provides named-perils coverage.
B) the HO-3 provides actual cash value coverage, the HO-2 provides replacement cost coverage.
C) the HO-3 is always written without a deductible, the HO-2 always written with a deductible.
D) the HO-3 can be used for any type of construction, the HO-2 is limited to wood frame homes.
Correct Answer:
Verified
Q2: Which of the following statements about eligibility
Q3: The Homeowners 3 policy limits the amount
Q6: Section I of the Homeowners 3 policy
Q7: Which of the following statements is (are)true
Q10: Which homeowners policy is designed for the
Q12: All of the following losses are subject
Q15: Which of the following losses to a
Q16: Which of the following statements about the
Q18: Which of the following is a covered
Q21: Betty's personal property is insured for $100,000
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