xam Exam Simulation for United States Personal Lines Question 30 of 50 Select Yo

Question

xam Exam Simulation for United States Personal Lines Question 30 of 50 Select Your Answer Harold has an HO-6 policy on his condominium. He had a small fire in his kitchen that damaged that damaged his built in range hood and counter tops. Under Coverage A of his policy how will the insurer handle this type of claim? Quit The condo must be covered for at least 80% of the market value for coverage to be provided for this loss His HO-6 will cover the actual cost of replacement or repair for the damages, as long as they are done in a reasonable time -Harold will not make the claim under his HO-6-but under the condominium association master palicy If the condo is insured for 80% or more of the current market value, Harold will not have any deductible for his loss

Explanation / Answer

Answer : B

HO-6 policy will cover the actual cost of repairs and damages.

HO-6 policy covers the following:

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