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Exam (elaborations)

Pearson VUE: Property Insurance Practice Exam Already Passed

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S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 C The MAXIMUM amount a policy will pay in the event of a loss is called the: A. coinsurance amount

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  • pearson vue property insurance practice exam
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