Which Statement Is True Concerning Homeowners Policies in How To

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Which Statement Is True Concerning Homeowners Policies. Which statement is true concerning section ii of a homeowners policy? An insured has a homeowners broad form with a $200,000 limit on the dwelling and the standard deductible.

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A) if an insurer broadens coverage without an additional premium during the policy period, the broadened coverage applies immediately to the present policy. The section 1 deductible does not apply to property covered under the. New home buyer s called his agent and told him that he wanted the.

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The basic homeowners policy specifically excludes earthquakes, including the land shock waves or earth movement caused by a volcanic eruption; All of the following statements about conditions under a homeowners 3 policy are true except. Coverage is provided to property of boarders not related to the insured. The initial section of section i of the standard homeowners insurance policy simply clarifies what is and what is not covered by the insurance carrier.