Which one of the following insurance policy provisions requires the insured to pay for part of the loss if the property is not insured for the specified percentage of replacement value?

Question

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The coinsurance clause requires the insured to insure the property for a specified percentage of its replacement value. If the insured fails to maintain the required percentage, any claim payment will be reduced by the same percentage that the property was underinsured. The personal property floater, endorsement, umbrella coverage, and assigned risk clause do not have this requirement.

Which One of the Following Insurance Policy Provisions Requires the Insured