Your home and property have a market value of $200,000.Since you want to make sure that you meet the coinsurance provisions,you should have at least ________ of insurance.
A)$160,000
B)$180,000
C)$200,000
D)$220,000
E)none of the above

Question

Quizplus · Accepted Answer

Coinsurance provisions typically require that you insure your property for at least 80% of its market value. 80% of $200,000 is $160,000.

Your Home and Property Have a Market Value of $200,000