menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 1
  4. Exam
    Exam 50: Insurance
  5. Question
    Under a Coinsur?ance Clause, a Homeowner Who Insures a Home
Solved

Under a Coinsur?ance Clause, a Homeowner Who Insures a Home

Question 7

Question 7

True/False

Under a coinsur?ance clause, a homeowner who insures a home for 80 percent of its value can recover only 80 percent of the cost for damage to it.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Gwen applies for a homeowners' insurance policy

Q3: Root & Branch Lumber Company obtains a

Q4: Before a loss has occurred, a fire

Q5: A broker is not an agent of

Q6: Francesca, who is divorced, owns a house.

Q8: Grid Tool Company makes and sells tools

Q9: Comprehensive general liability insurance can encompass as

Q11: Estelle, who owns and operates a commercial

Q12: A pro rata clause requires that all

Q67: An insurance company may cancel an insured's

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines