Larry has $25,000 of bodily injury liability coverage under…

Larry has $25,000 of bodily injury liability coverage under his PAP. This limit is the minimum amount required by his state to be considered financially responsible. While on vacation, Larry visited a neighboring state which has a minimum financial responsibility limit of $50,000 for bodily injury. Which of the following statements describes the situation for Larry while he was in the neighboring state?  

Jack and Jill Hill have insured their home for $100,000 unde…

Jack and Jill Hill have insured their home for $100,000 under a HO-3 (Homeowners 3) policy that is identical to the policy that you have received.  The policy has no endorsements.  Choose the answer that BEST describes the coverage the Hills would have under their HO-3 for each scenario described.