Question

Which of the following examples of losses paid under an HO₃⁻ also would be paid under an HO₂⁻ homeowners policy?

1) Damage to the dwelling caused by the insured when moving furniture
2) Accidental scorching caused when a hot iron is placed on a counter top
3) Interior damage caused by water seeping under shingles on roof
4) Damage to the dwelling caused by lava or dust from a volcanic eruption

Answer 1

Losses paid under an HO₃⁻ policy that would also be paid under an HO₂⁻ homeowners policy are: damage to dwelling caused by the insured when moving furniture, accidental scorching caused by a hot iron placed on a counter top, and interior damage caused by water seeping under shingles on roof. Damage caused by lava or dust from a volcanic eruption would not be paid under an HO₂⁻ policy.

Step-by-step explanation:

Out of the given examples, the losses that would be paid under an HO₂⁻ homeowners policy as well as an HO₃⁻ policy are:

1. Damage to the dwelling caused by the insured when moving furniture: In both policies, damages caused by the insured are typically covered.
2. Accidental scorching caused when a hot iron is placed on a counter top: Accidental damages like scorching caused by the insured are covered by both HO₃⁻ and HO₂⁻ policies.
3. Interior damage caused by water seeping under shingles on roof: Water damages caused by seepage are generally covered under both policies.

The fourth example (Damage to the dwelling caused by lava or dust from a volcanic eruption) would not be paid under an HO₂⁻ policy, as it is not typically covered by this type of homeowners policy.