Exam (elaborations)
PEARSON VUE: PROPERTY INSURANCE PRACTICE Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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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 whic...
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