Which statement is false of Homeowners policies?
A) The HO-2 covers the dwelling and contents for the broad form perils.
B) The HO-2 does not cover loss to a fence, driveway, or walk caused by a vehicle owned or operated by the insured.
C) The HO-2 pays for losses to the contents on an actual cash value basis.
D) The HO-2 will pay for a broken pipe that has caused water damage.
Ans: D) The HO-2 will pay for a broken pipe that has caused water damage.
Business
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The accumulation and investment of money over a period of years to provide the amount needed for the redemption of bonds is a(n) ____________________
Fill in the blank(s) with correct word
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