Larry owns a home covered under an HO-3 for $300,000 and asked his agent how much rent coverage does he have in case his basement apartment rented to a tenant becomes unlivable due to a fire, and his agent responded up to which of the following amounts?

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Larry owns a home covered under an HO-3 for $300,000 and asked his agent how much rent coverage does he have in case his basement apartment rented to a tenant becomes unlivable due to a fire, and his agent responded up to which of the following amounts?

Answer: For a covered loss, the Coverage D limit for additional living expense, fair rental value, and civil authority prohibited use is up to 30% of Coverage A

The above question Larry owns a home covered under an HO-3 for $300,000 and asked his agent how much rent coverage does he have in case his basement apartment rented to a tenant becomes unlivable due to a fire, and his agent responded up to which of the following amounts?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.