______ is a contract requirement that works to prevent property owners from deliberately underinsuring.

Question

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Co-insurance is a contract requirement that obligates property owners to insure their property up to a certain percentage of its total value. This is to prevent property owners from deliberately underinsuring their property and not paying the full premium. If they choose to do so, a co-insurance penalty may be applied in the event of a loss.

______ Is a Contract Requirement That Works to Prevent Property