eswb.exam fx.com/ExamFX/CTQ/ABLE.aspx#! Exam Simulation for United States Person

Question

eswb.exam fx.com/ExamFX/CTQ/ABLE.aspx#! Exam Simulation for United States Personal Lines Question 45 of 50-You Selected Answer (D). Quit An insured rents out a bedroom in his residence for $50 per week. The residence is badly damaged by fire. During the 3 weeks required to repair the fire damage, the insured pays $900 in rent for a short-term apartment, and the renter is forced to find other accommodations. Diaregarding any extra expense for meals, how much would an HO 3 pay under Coverage D7 $150 Cs900 $1,050 Time Remaining 005641

Explanation / Answer

Since the property was let out, HO 3 policy will only cover the value of rent lost due to the fire.

Since the rental value is $50 a week, Total payment by the policy under Coverage D would $50*3 = $150.

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