Sue and Rich are under contract to purchase a historic home in a city where local property values, including the value of the historic home, are far below replacement cost. Which one of the following ISO homeowners policies would likely be most suitable for Sue and Rich?

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Sue and Rich are under contract to purchase a historic home in a city where local property values, including the value of the historic home, are far below replacement cost. Which one of the following ISO homeowners policies would likely be most suitable for Sue and Rich?

A. HO-2—Broad Form

B. HO-4—Contents Broad Form

C. HO-6—Unit-Owners Form

D. HO-8—Modified Coverage Form

Answer: D. HO-8—Modified Coverage Form

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