Multiple Choice
Rolling Transport & Storage Corporation wants to insure its warehouse to obtain the maximum possible recovery for the lowest possible pre?mium.To obtain the maximum recovery under a coinsurance clause,the percentage of the value of the property that should be insured is
A) 80 percent.
B) 90 percent.
C) 100 percent.
D) 120 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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