True/False
Under a coinsurance requirement of 80 percent,property with a replacement cost of $120,000 and an actual cash value of $90,000 is adequately insured with a policy for $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: The deductible on a standard homeowners' policy
Q15: You could save money on your car
Q27: INSTRUCTIONS: Choose the word or phrase in
Q53: The basic principles of property and liability
Q59: The type of car you drive has
Q60: Negligence results when a person<br>A)is not insured.<br>B)acts
Q110: The Principle of Indemnity does NOT apply
Q114: INSTRUCTIONS: Choose the word or phrase in
Q158: Section II of the homeowner's insurance contract
Q160: Choose the word or phrase in [