To encourage an owner to insure his or her property for an amount as close to full value as possible, a fire insurance policy can include a coinsurance clause.
Correct Answer:
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Q1: With a binder, an applicant for insurance
Q3: Because types of losses that are expected
Q4: In most situations, state law determines the
Q5: An insured with multiple insurance policies covering
Q6: Because an insurance agent is an agent
Q7: Insurance contracts are usually obtained through an
Q8: Insurance is a contract in which the
Q9: Customarily, an insurance company offers to insure
Q10: Without an insurable interest, there can be
Q11: By insuring property, its owners protect themselves.
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