Question

8. A farmer is remodeling his 100-year-old farmhouse. He is in the process of painting the porch and hanging shutters. He keeps his ladder, paint, and other materials used to remodel his home under the porch. Which of the following provides coverage for his remodeling materials?

(Choose from the following options)
1. Coverage C
2. Coverage D
3. Coverage A
4. Coverage B

Answer 1

The farmer's remodeling materials would be covered under Coverage C - Personal Property of a homeowners insurance policy, which protects personal possessions against risks such as theft, vandalism, or damage.

Step-by-step explanation:

The farmer's ladder, paint, and other materials used for remodeling his farmhouse are classified as personal property. In the context of homeowners insurance, these materials would generally be covered under Coverage C - Personal Property.

Coverage C is part of a standard homeowners insurance policy that provides protection for the homeowner's personal possessions against risks like theft, vandalism, or certain types of damage. During the renovation of his farmhouse, the farmer's materials stored under the porch would be considered personal property and, therefore, should be protected under Coverage C.

It's important for the farmer to ensure that his insurance policy is up-to-date and that he has adequate coverage limits to protect the value of his remodeling materials and any other personal belongings stored on his property.