A coinsurance clause requires a business owner to insure the company's building and personal property for at least _____ percent of what it would cost to replace the building and the personal property.

Question

Quizplus · Accepted Answer

A coinsurance clause requires the business owner to insure the building and personal property for at least 80% of the replacement cost. This ensures that the business owner has adequate coverage in the event of a loss and discourages underinsurance.

A Coinsurance Clause Requires a Business Owner to Insure the Company's