Renee is risk manager of XYZ Company.She purchased a Commercial Package Policy for her company and added one of the optional coverages.This option suspends the coinsurance clause and substitutes a new agreement covering any loss in the same proportion that the limit of insurance purchased bears to a value specified in the declarations.This provision is known as
A) waiver of inventory coverage.
B) inflation guard coverage.
C) agreed value coverage.
D) replacement cost coverage.
Correct Answer:
Verified
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