Older Home Form HO-8 allows owners of older homes to purchase homeowners' insurance at a reasonable price because
A) the cost of the policy is subsidized by the federal government.
B) the federal government directly reimburses homeowners for 10 % of their losses.
C) reimbursement for structural damage is set at actual cash value.
D) reimbursement for structural damage is set at replacement cost.
Correct Answer:
Verified
Q54: Home replacement cost
A)may exceed actual cash value
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A)harm others cause
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A)extends coverage under HO-3
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A)places your
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A)will cover the deductible and
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