Which Homeowners' Policy Is Best Suited for a Resident of a Rented

question 95

Multiple Choice

Which Homeowners' policy is best suited for a resident of a rented apartment to cover that person's personal property?

• A)HO-3
• B)HO-4
• C)HO-5
• D)HO-8
• E)A Homeowners' policy will not apply since the real estate involved is not owned by the insured.

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Definitions:

Sequential Series

A set of elements or events arranged in a specific order where each is followed by the one succeeding it, reflecting a particular sequence.

Mortgage

A loan granted by a bank or financial institution, secured by the borrower's property, used to purchase real estate.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, commonly expressed as an annual percentage of the loan amount.

Share Pane

A feature in some software that facilitates the sharing of documents or files directly from the application.