Glenda insured her home for its full replacement cost under an unendor

Glenda insured her home for its full replacement cost under an unendorsed Homeowners 3 policy. Which of the following statements is true?

A) The dwelling and other structures are covered on a named-perils basis.
B) Losses to personal property are settled on a replacement cost basis.
C) The personal property is covered on an open-perils basis.
D) Losses to the dwelling and other structures are settled on a replacement cost basis.

ANSWER

Answer: D