Under the new 2000 HO forms, how much will be paid under claims expense for loss of earnings to assist the insurer in the investigation or defense of a claim?

Study for the New York General Adjuster 10-70 Test. Prepare with flashcards and multiple choice questions, each with explanations. Ace your exam!

Under the new 2000 Homeowners (HO) forms, the coverage for claims expense specifically includes compensation for loss of earnings when policyholders assist the insurer in the investigation or defense of a claim. The limit established for this particular expense is set at $250. This amount is intended to reimburse the insured for lost wages or income while providing necessary assistance in the claims process, highlighting the insurer's recognition of the policyholder's role in the claims management.

The values associated with the other options reflect higher amounts that are not aligned with the stipulated limit for loss of earnings specifically under this aspect of claims expenses. Therefore, the correct response accurately represents the coverage limit set by the HO forms.

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