Under a multiple insurance clause, a homeowner who insures a home for 80 percent of its value can recover only 80 percent of the cost for damage to it.

Name: Under a multiple insurance clause, a homeowner who insures a home for 80 percent of its value can recover only 80 percent of the cost for damage to it.
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A multiple insurance clause typically allows a homeowner to recover the full cost of damage up to the policy limits, not just 80 percent, even if the home is insured for 80 percent of its value.

Under a Multiple Insurance Clause, a Homeowner Who Insures a Home