Under a Coinsurance Provision Requiring the Building Insured for at Least

Question 56
Multiple Choice

Under a coinsurance provision requiring the building insured for at least 80 percent of its value, the recovery on an insured loss of $100,000 on the building with a replacement value of $500,000 that was insured for only $300,000 would be limited to ____. A) $20,000 B) $30,000 C) $50,000 D) $75,000