Match the term with its definition.
-A provision in a property insurance policy that requires the owner to have insurance for at least 80 percent of what it would cost to rebuild the building or replace the personal property
A)automobile insurance
B)coinsurance clause
C)crime insurance
D)design defect
E)manufacturing defect
F)marketing defect
G)noneconomic damages
H)personal property
I)punitive damages

Question

Quizplus · Accepted Answer

The coinsurance clause requires the owner to have insurance for at least 80 percent of what it would cost to rebuild the building or replace the personal property.

Match the Term with Its Definition