Lance rents a townhouse that is insured with an HO 4 renters policy. Lance is driving his car when he causes a minor accident. What coverage is available for thevehicle under his policy? Coverage is available under an HO 4 endorsed with the motor vehicle liability endorsement. Coverage is available under an unendorsed HO 4 for limits determined by rating factors. Coverage for liability only is available under the HO 4. None; motor vehicle liability is excluded under the HO 4.
Lance rents a townhouse that is insured with an HO 4 renters policy. Lance is driving his car when he causes a minor accident. What coverage is available for thevehicle under his policy? Coverage is available under an HO 4 endorsed with the motor vehicle liability endorsement. Coverage is available under an unendorsed HO 4 for limits determined by rating factors. Coverage for liability only is available under the HO 4. None; motor vehicle liability is excluded under the HO 4.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Lance rents a townhouse that is insured with an HO 4 renters policy. Lance is driving his car when he causes a minor accident. What coverage is available for the
vehicle under his policy?
Coverage is available under an HO 4 endorsed with the motor vehicle liability endorsement.
Coverage is available under an unendorsed HO 4 for limits determined by rating factors.
Coverage for liability only is available under the HO 4.
None; motor vehicle liability is excluded under the HO 4.
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