English, asked by tarunahn143, 10 months ago

20. When does Penalty arise in Co-Insurance?
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Answers

Answered by aminashaji2005
0

Answer:

The coinsurance formula is applied when a property owner fails to maintain coverage of at least 80% of the home's replacement value. If a property owner insures for less than the amount required by the coinsurance clause, they are essentially agreeing to retain part of the risk.

Explanation: I HOPE THIS ANSWER HELPS YOU!!!!!1

Answered by norahartwig
0

Answer:

The coinsurance formula is applied when a property owner fails to maintain coverage of at least 80% of the home's replacement value. If a property owner insures for less than the amount required by the coinsurance clause, they are essentially agreeing to retain part of the risk.

Explanation:

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