Co-insurance is a policy provision to discourage the policyholder from being
A)overinsured.
B)underinsured.
C)insured only if specified by lending agency.
D)insured with more than one company.
E)insured by government agencies.

Question

Quizplus · Accepted Answer

Co-insurance requires the policyholder to bear a portion of the loss, encouraging them to insure their property to a proper value and avoid being underinsured.

Co-Insurance Is a Policy Provision to Discourage the Policyholder from Being