Which of the Following Statements About the Homeowners 8 Policy

question 27

Multiple Choice

Which of the following statements about the Homeowners 8 policy is (are) true?
I.Losses to the dwelling are settled on a replacement cost basis if the dwelling is insured for its full market value.
II.It is designed primarily for expensive,newer,dwellings.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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