Are you looking for the correct answer to the question “Doris owns jewelry appraised at $10,000. She would like insurance coverage that will protect her jewelry for its appraised value. Doris also would like broad coverage for her jewelry in case she accidentally loses a piece or a stone falls out of a ring. Assuming that she purchased an HO-3—Special Form (HO-3), which one of the following will provide the coverage she wants?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
Doris owns jewelry appraised at $10,000. She would like insurance coverage that will protect her jewelry for its appraised value. Doris also would like broad coverage for her jewelry in case she accidentally loses a piece or a stone falls out of a ring. Assuming that she purchased an HO-3—Special Form (HO-3), which one of the following will provide the coverage she wants?
A. The unendorsed HO-3
B. An HO-3 with a Supplemental Loss Assessment Coverage endorsement with a $10,000 limit
C. An HO-3 with a Scheduled Personal Property endorsement scheduling $9,000 of the jewelry, on top of the $1,000 coverage limit provided by the HO-3
D. An HO-3 with a Scheduled Personal Property endorsement scheduling all of the jewelry
Answer: D. An HO-3 with a Scheduled Personal Property endorsement scheduling all of the jewelry
The above question Doris owns jewelry appraised at $10,000. She would like insurance coverage that will protect her jewelry for its appraised value. Doris also would like broad coverage for her jewelry in case she accidentally loses a piece or a stone falls out of a ring. Assuming that she purchased an HO-3—Special Form (HO-3), which one of the following will provide the coverage she wants?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
