FINANCIAL ACCOUNTING-W/SOLN.MANUAL
14th Edition
ISBN: 9781285477978
Author: Weil
Publisher: CENGAGE L
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Which of the following items would not automatically be covered under an HO-3 form?
the insured’s driveaway, if damaged by falling object
The insured’s pedigreed collie valued at $6000 or $7000
A lawnmower in the insured’s garage
personal property of the insured’s daughter who is away from college
In an attempt to locate fuser potential coverage needs, a producer interviews a prospective client who owns a home covered by an HO-3 policy. For which of the following items does the client already have coverage?
a. the steroids system installed in his automobile
b. the ultra-light airplane stored in his garage
c. his business property kept in his office that he rents
d. the rental value of the room in his home that he rents
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