Question

In: Finance

When you buy an HO policy, you should purchase enough insurance to pay for ______ of...

When you buy an HO policy, you should purchase enough insurance to pay for ______ of the cost of replacing your dwelling and your personal property.

100%.

80%.

50%.

120%.

Solutions

Expert Solution

80%.

The 80% rule means that , insurer will be willing to cover the loss only if the home owner has purchased enough insurance to pay for atleast 80% of the cost of replacing your dwelling and your personal property.

jeff jeffy answered 1 year ago
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