Some policies,such as fire insurance policies,require the insured to have coverage for a specified minimum portion of the value of the property in order to fully recover from the insurer in the event of a fire.

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This is known as the coinsurance clause in insurance policies, which requires the policyholder to insure their property for a specified percentage of its value to receive full compensation for a loss. If the insured amount is less than the required minimum percentage, the policyholder may only receive a partial payout in the event of a claim.

Some Policies,such as Fire Insurance Policies,require the Insured to Have