AN INSURED HAS A HOMEOWNERS POLICY AND REQUIRES HER TO BE A MEMBER OF THE...

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AN INSURED HAS A HOMEOWNERS POLICY AND REQUIRES HER TO BE A MEMBER OF THE HOMEOWNERS ASSOCIATION IN HER NEIGHBORHOOD image
An insured has a homeowners policy and requires her to be a member of the homeowners association in her neighborhood. The association's community house has burned down, and the insured has been assessed $1,200 for her share of the rebuilding cost. How much of the assessment will the homeowners policy pay? AO None BO $500 Co $1,000 DO $1,200

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