Which of the following insurance provisions requires an insured to pay a percentage of the cost of an insured loss?

Question

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A coinsurance clause requires an insured to pay a percentage of the cost of an insured loss, typically found in property insurance policies. The insured agrees to insure the property for a certain percentage of its value, and if the insured fails to meet this requirement at the time of a loss, the insured will be responsible for paying a portion of the loss.

Which of the Following Insurance Provisions Requires an Insured to Pay