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All of the following statements about the coverage for loss of use (Coverage D) under...

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Finance

All of the following statements about the coverage for loss of use (Coverage D) under the Homeowners 3 policy are true EXCEPT

Question 16 options:

1)

There is coverage for the fair rental value of any part of the premises rented to others.

2)

The duration of payments for additional living expenses is limited to a maximum of 15 days.

3)

There is coverage if civil authorities prohibit the insured from using the premises because of a loss to a neighboring premises from an insured peril.

4)

If a covered loss makes the home unfit for living, the insurer pays additional living expenses the insured may incur as a result of the loss.

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