Which of the following statements about covered perils and loss settle
Which of the following statements about covered perils and loss settlement under an unendorsed Homeowners 3 policy is true?
A) The dwelling is covered on a named-perils basis.
B) Personal property losses are settled on an actual cash value basis.
C) Losses to the dwelling are always settled on an actual cash value basis.
D) Personal property is covered on an open-perils basis.
ANSWER
Answer: B
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