Question

Which one of these is covered by a specific type of insurance policy?

A.Off grid homes
B. Condominiums
C. Home with more than two stories
D. Homes in rural areas

Answer 1

Condominiums are covered by a specific type of insurance policy known as condominium insurance, which is different from standard homeowners insurance.

Step-by-step explanation:

The specific type of insurance policy that covers one of the options given is condominium insurance. Condo owners can purchase this specialized type of insurance to protect their personal property, liability, and part of the building owned by them (such as the unit's interior walls, floors, and ceiling). Insurance coverage for off-grid homes, homes with more than two stories, and homes in rural areas can be found in standard homeowners insurance policies, but there's no unique policy type that only covers these specifics as there is with condominiums.

Answer 2

A.Off grid homes

Step-by-step explanation:

Specific type of insurance policy covers the most common perils except those specifically excluded perils such as earthquake, flood, nuclear disaster, landslide.

OFF GRID HOMES refer to homes which are self-sufficient without reliance on modern technology and public utilities. That means that this homes do not have access to electricity, gas, water, etc.

Therefore, these homes can be insured by a specific type of insurance policy.