True/False
A co-insurance clause will cause insurers to proportionately reduce claims payments unless you carry insurance up to a specific amount,such as 80 percent of the replacement value.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q81: A peril is a cause of loss.
Q82: Antiques,collections,and boats are adequately protected under a
Q83: Covered liability perils do not include claims
Q84: If you have two insurance policies on
Q85: The 80 percent co-insurance clause in a
Q87: Earthquakes are covered under most homeowner's policies.
Q88: Careful drivers have limited need for liability
Q89: Choose the word or phrase in [
Q90: A homeowner's policy does not provide protection
Q91: Liability coverage provides payment to the<br>A)insured for