Question

Which of the following would be correct about the minimum limits in section 2 of the homeowners policy?

1) medical payments $1,000; personal liability $100,000
2) medical payments $2,000; personal liability $200,000
3) medical payments $3,000; personal liability $300,000
4) medical payments $4,000; personal liability $400,000

Answer 1

The correct minimum limits in section 2 of the homeowner's policy are: Medical payments of $2,000; personal liability of $200,000 (option 2)

Step-by-step explanation:

Section 2 of the homeowner's policy typically includes coverage for medical payments and personal liability. The options provided represent combinations of the minimum limits for these coverages. The correct answer is based on common minimum limits for these coverages.

In a standard homeowners policy, the minimum limits for medical payments coverage are often around $1,000 to $5,000, and for personal liability coverage, they are commonly around $100,000 to $300,000. Option 2, with medical payments at $2,000 and personal liability at $200,000, falls within the typical range of minimum limits for these coverages.

The correct and appropriate combination for the minimum limits in Section 2 of the homeowner's policy, based on the options provided, is Option 2: Medical payments of $2,000; and personal liability of $200,000.