What do 'losses' include in the context of this policy?

In the context of the policy, 'losses' encompass all losses associated with both current and previously owned property that has been used as a primary or secondary residence. This broad definition ensures that coverage is not limited to just the property currently held, addressing potential claims linked to any past residences that may still have relevance in terms of liability or claims. This comprehensive approach provides a greater sense of security for homeowners or policyholders, as it acknowledges that previous holdings could still harbor liabilities or issues that might arise later.

While the other options represent more restrictive interpretations, they do not account for the complete spectrum of losses that could affect a homeowner. Limiting losses strictly to the current property or to only those detected during inspections would disregard important factors. Similarly, confining the scope to liability losses from rental properties would exclude many other pertinent concerns related to the primary or secondary residences that may be in question. Thus, recognizing 'losses' in this extensive manner is essential for comprehensive policy coverage.