Which of the following statements about Dwelling Property 1 (basic for

Which of the following statements about Dwelling Property 1 (basic form) is true?

A) Coverage on the dwelling is written on a replacement cost basis.
B) The full amount of personal property coverage applies to property away from the insured premises.
C) Coverage for fair rental value of the dwelling is subject to both an overall maximum and a monthly maximum.
D) “Open-perils” (all risks) coverage is automatically provided for both the dwelling and personal property.

ANSWER

Answer: C