A coinsurance provision requires that a property be insured for at lease ____ percent of its value.
A) sixty
B) seventy
C) eighty
D) ninety

Question

Quizplus · Accepted Answer

A coinsurance provision typically requires that a property be insured for at least 80% of its value. If the property is insured for less than this amount, the insured may not receive full reimbursement for a covered loss.

A Coinsurance Provision Requires That a Property Be Insured for at Lease