Pritika and Allan bought a home built in the 1880's in a small town for $85,000 that would cost $235,000 to rebuild if destroyed because of the ornate molding and windows. What type of Homeowners policy would BEST cover their needs if Pritika and Allan would be willing to rebuild the home with functionally equivalent materials and modern techniques?

Pritika and Allan bought a home built in the 1880's in a small town for $85,000 that would cost $235,000 to rebuild if destroyed because of the ornate molding and windows. What type of Homeowners policy would BEST cover their needs if Pritika and Allan would be willing to rebuild the home with functionally equivalent materials and modern techniques?


a. HO-3

b. HO-5

c. HO-2

d. HO-8



Answer: D

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