John Dresser, Who Owns a Small Manufacturing Concern, Has Just

Multiple Choice

John Dresser, who owns a small manufacturing concern, has just signed a commercial property policy with a clause requiring Dresser to maintain insurance equal to 80 percent of the property's value at the time of an actual loss. Dresser has accepted what is known as a ____ clause.

A) coinsurance
B) realty protection
C) realty reserve
D) override protection