As an alternative to coinsurance,rate discounts can be given as the amount of insurance to value increases.This alternative is called
A)graded rates.
B)agreed value coverage.
C)retrospective rating.
D)manual rating.

Question

Quizplus · Accepted Answer

Graded rates adjust the premium rate based on the amount of insurance relative to the value of the property insured, offering lower rates for higher amounts of coverage relative to value, which is an alternative to coinsurance.

As an Alternative to Coinsurance,rate Discounts Can Be Given as the Amount