Which of the following statements about the Homeowners 8 policy is (ar
Which of the following statements about the Homeowners 8 policy is (are) true?
I. Losses to the dwelling are settled on a replacement cost basis if the dwelling is insured for its full market value.
II. It is designed primarily for expensive, newer, dwellings.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: D
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