1. A standard homeowners policy is generally designed for:

Owner-occupants of one-to-four family dwellings

Homeowners policies are generally designed for owner-occupants of one-to-four family dwellings.

2. Section I of a homeowners policy provides property coverages, while Section II provides:

Personal liability and medical payments coverages

Section I covers property; Section II provides personal liability and medical payments to others.

3. The HO-2 form covers the dwelling and personal property on a:

Broad named-perils basis

The HO-2 broad form covers both the dwelling and personal property on a named-perils basis using a broader list than the basic form.

4. Extra costs to rebuild to current building codes after a covered loss may be addressed by:

Ordinance or law coverage

Ordinance or law coverage helps pay the increased cost of rebuilding to current building codes after a covered loss.