Allison's home and property has a market value of $325,000.According to the coinsurance provision,she must carry at least how much insurance?
A)$260,000
B)$300,000
C)$325,000
D)4250,000

Question

Quizplus · Accepted Answer

The coinsurance provision typically requires a homeowner to insure their property for at least 80% of its value to receive full compensation for a claim. 80% of $325,000 is $260,000.

Allison's Home and Property Has a Market Value of $325,000