A type of insurance in which the insured and the insurer share a risk of loss due to fire is:
A) co-insurance.
B) non-forfeiture insurance.
C) no-fault insurance.
D) reinsurance.

Question

Quizplus · Accepted Answer

Co-insurance is a type of insurance where the insured and the insurer share the risk of loss, typically involving a percentage split of the costs after a deductible is met.

A Type of Insurance in Which the Insured and the Insurer