a(n. _____ clause states that full payment of damages to buildings under the homeowner's policy will be made only if insurance equal to 80 percent of the replacement cost of the building is carried at the time of the loss.

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A coinsurance clause is a provision in an insurance policy that ensures that the policyholder carries sufficient coverage to pay for the full cost of a loss. This clause requires the policyholder to carry insurance coverage equal to a specified percentage of the value of the insured property. In the case of homeowner's insurance, the coinsurance clause typically requires the policyholder to carry coverage equal to 80% of the replacement cost of the building. If the policyholder fails to carry this level of coverage and incurs a loss, the insurer will only be required to pay a proportionate share of the damages. This encourages policyholders to carry adequate levels of coverage to avoid being underinsured in the event of a loss.

A(n _____ Clause States That Full Payment of Damages to Buildings