It is a symbol of the french revolution. It means the law is the same for all, and all are equal before it, regardless of their gender, religion, socio-economic status, etc.
What are the limits in the standard homeowners policy? [Note: this answer is based on the Insurance Services Office's HO-3 policy.] Coverage A and B cover your dwelling and other structures on the premises on an âall risksâ basis up to the policy limits. You set the limit for Coverage A when you buy the policy. The Coverage B limit is usually equal to 10% of the policy limit on Coverage A. Coverage C covers losses to your personal property on a ânamed perilsâ basis, which means youâre covered for all the perils specifically named on your policy.
Home Insurance Policies. Homeowners insurance is designed to protect your home from what are called âperils.â A peril is your exposure to risk or something that causes loss or destruction. As a homeowner, you can typically purchase three different types of home insurance policies. They are: Homeowners 1 (HO1): With this policy, your property is covered against 11 basic perils. Homeowners 2 (HO2): This policy protects your property against 18 perils (including 11 perils from Homeowners 1).