Under a coinsurance clause, if a homeowner insures a home for less than the policy's specified percentage, the homeowner is not responsible for a proportionate share of the loss.

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Under a coinsurance clause, if a homeowner insures a home for less than the specified percentage, they are responsible for a proportionate share of the loss, as the insurance company will only cover the percentage of the loss that corresponds to the amount of insurance purchased relative to the required amount.

Under a Coinsurance Clause, If a Homeowner Insures a Home