Question

Under Section II of the Homeowners Policy, a one or two family dwelling where the insured resides in one of the units, including other structures and grounds at that location, is defined as:

Answer 1

Answer:

The correct answer is:  The Residence Premises

Explanation:

It is a policy to cover damages to the homeowner's property.  In this case, the person or people have to live in the property. Many considerations or the policy have to be taken into account before signing or adding on to your property.  In other words, It is the building where the owner insurance policyholder lives.