The basic difference between Older Home Form HO-8 and other homeowners' policies is that
A) the home is insured at actual cash value instead of replacement cost.
B) the home is insured at replacement cost instead of market value.
C) the contents of the home are insured at market value instead of replacement cost.
D) the contents of the home are insured at replacement cost instead of at market value.
Correct Answer:
Verified
Q52: A paragraph added to a policy that
Q53: The clause that places your right to
Q54: Home replacement cost
A)may exceed actual cash value
Q55: Liability insurance protects you from
A)harm others cause
Q56: Comprehensive endorsement Form HO-15
A)extends coverage under HO-3
Q58: In a homeowners' policy,the subrogation clause
A)places your
Q59: Older Home Form HO-8 allows owners of
Q60: An inflation guard endorsement will
A)protect you from
Q61: If you home is in a Special
Q62: The first step in making sure you
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