Which of the following insurance policy provisions requires that the insured must pay for part of the loss of a claim if the property is not insured for the specified percentage of replacement value?

Question

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The coinsurance clause requires that the insured must maintain insurance coverage for a specified percentage of the property's replacement value. If the insured fails to maintain this coverage and a loss occurs, the insurer will only pay a proportionate share of the loss. The insured would be responsible for paying the remaining portion of the loss.

Which of the Following Insurance Policy Provisions Requires That the Insured