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Author Question: Which of the following statements about mobile home insurance under the ISO program is true? A) ... (Read 69 times)

dalyningkenk

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on: Jul 11, 2018
Which of the following statements about mobile home insurance under the ISO program is true?
 
  A) The mobile home is insured on a replacement cost basis, but actual cash value coverage can be added by endorsement if it is more appropriate.
  B) There is no coverage available for other structures.
  C) Built-in, permanently attached furniture is considered personal property.
  D) Personal liability insurance is not part of the coverage available to mobile home owners.

Question 2

Valerie's home does not qualify for coverage under a standard homeowners policy. Valerie would like to have open-perils (all-risks) coverage on her dwelling and named-perils coverage on her personal property.
 
  Which of the following policies should Valerie purchase?
  A) Dwelling Property 1Basic Form
  B) Dwelling Property 2 Broad Form
  C) Dwelling Property 3Special Form
  D) All of these policies provide open perils coverage on the dwelling and named-perils coverage on personal property.


blakeserpa

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


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