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Glenda Insured Her Home for Its Full Replacement Cost Under

Question 34

Multiple Choice

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) Partial losses to the dwelling will be settled on a replacement cost basis.

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