Question

Which of the following best describes a Tenant's Package Form?

a) No coverage for personal property.
b) It covers building and liability.
c) It is the same as a homeowner's policy, except it does not cover the building.
d) It does not cover theft.

Answer 1

A Tenant's Package Form is an insurance policy that covers a tenant's personal property and liability, but not the building itself.

Step-by-step explanation:

The correct answer is c) It is the same as a homeowner's policy, except it does not cover the building .A Tenant's Package Form is an insurance policy specifically designed for tenants who are renting a property. It provides coverage for the tenant's personal property and liability, but it does not cover the building itself, as that is the responsibility of the landlord. For example, if a tenant's personal belongings are damaged or stolen due to a covered event like a fire, the Tenant's Package Form would provide coverage for the cost of replacing or repairing those items. However, if there is damage to the building itself, such as a broken window, that would be the responsibility of the landlord.