the purpose of coinsurance clause is to? require the insurer to pay the losses in full encourage the insured to insure property to full value c)allow the insured to choose any amount of coverage d) permit other insurance on the same property
the purpose of coinsurance clause is to? require the insurer to pay the losses in full encourage the insured to insure property to full value c)allow the insured to choose any amount of coverage d) permit other insurance on the same property
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:the purpose of coinsurance clause is to?
require the insurer to pay the losses in full
encourage the insured to insure property
to full value c)allow the insured to choose
any amount of coverage d)
permit other insurance on the same property
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