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An insurance package policy that provides coverage for the insured's dwelling and contents, barns, stables, and farming liability is called a ____.

A. Homeowners policy
B. Commercial property policy
C. Farmowners policy
D. Specialty property policy

User Eraph
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Final answer:

The correct answer is C. Farmowners policy. This policy is tailored for individuals who run farms, covering both personal and business aspects, unlike typical homeowners or commercial property policies.

Step-by-step explanation:

An insurance package policy that provides coverage for the insured's dwelling and contents, as well as barns, stables, and farming liability, is known as a Farmowners policy. This type of insurance is designed specifically for the needs of individuals who own and operate farms, protecting both their personal property and their business operations. Unlike a typical Homeowners policy, which primarily covers residential dwellings and personal property, or a Commercial property policy, which is geared towards businesses that may not involve agriculture or residential living, the Farmowners policy uniquely caters to the combination of home and farm.

User Nyein Chan
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