Question

Persons insured under Section I of the Homeowners 3 policy include which of the following? I. A spouse of the named insured if living in the same household II. The named insured's children who are under age 24 and who are full-time college students

A) I onlyB) II onlyC) both I and IID) neither I nor II

Answer 1

The correct answer is C) both I and II.

Persons insured under Section I of the Homeowners 3 policy include the following: A spouse of the named insured if living in the same household and the named insured's children who are under age 24 and who are full-time college students.

H03 is the most common policy and represents the minimum coverage requirement when a person gets a mortgage. The insurance coves many types of property, but the problem is that the coverage is limited for personal belongings. Perils that limit the coverage of personal property under H03 are explosions, theft, fire, volcanic eruption, vehicles, among many others.