The Major Difference Between the Dwelling Coverage (Part A) of the Homeowners

question 38

Multiple Choice

The major difference between the dwelling coverage (Part A) of the Homeowners 2 (Broad From) policy and the Homeowners 3 (Special Form) policy is that

• A) the HO-3 provides open perils ("all risks") coverage and the HO-2 provides named-perils coverage.
• B) the HO-3 provides actual cash value coverage, the HO-2 provides replacement cost coverage.
• C) the HO-3 is always written without a deductible, the HO-2 always written with a deductible.
• D) the HO-3 can be used for any type of construction, the HO-2 is limited to wood frame homes.

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Definitions:

Common Binomial Factor

A binomial that is a factor common to two or more polynomials.

Negative Real Number

A real number that is less than zero.

Standard Form

In mathematics, a way to write numbers using the digits 0-9, with each digit having a place value. In algebra, a standard form of an equation might be ax + by = c.

Greatest Common Monomial Factor

The greatest common monomial factor between two or more monomials is the highest monomial that divides each of the monomials without a remainder.