Coinsurance penalty - Study guides, Class notes & Summaries
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Louisiana Insurance Adjuster Questions and Answers 100% Correct
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Louisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% Correct 
Lender Interest Provisions - ANSWER-Protects lender interest by allowing the lender certain rights in the policy. 
 
Coinsurance Penalty - ANSWER-A property insurance provision that p...
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Florida Property Insurance Test Questions With Correct Solutions 2024.
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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 - Answer C 
 
The MAXIMUM amount a policy will pay in the event of a loss is called the: 
 
A. coinsurance amount 
 
B...
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Pearson VUE Property Insurance Practice Exam Questions with 100% Correct Answers | Updated & Verified
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1.	S is purchasing a Commercial Property policy to cover a commercial build- ing 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 
ANS: C 
2.	The MAXIMUM amount a policy will pay in the event of a loss is called the: 
 
A.	coinsurance amount 
 
B.	d...
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Pearson VUE Property Insurance Practice Exam, Study questions insurance, Casualty FL Questions with 100% Correct Answers | Updated & Verified
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1.	S is purchasing a Commercial Property policy to cover a commercial build- ing 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 
ANS : C 
2.	The MAXIMUM amount a policy will pay in the event of a loss is called the: 
A.	coinsurance amount 
B.	deductible...
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Pearson VUE: Property Insurance Practice Exam Already Passed
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Pearson VUE: Property Insurance Practice 
Exam Already Passed 
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 - Answer ️️ -C 
The MAXIMUM amount a policy will pay in the ...
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Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL Correctly Answered Questions| UpToDate | Already Graded A+
- Exam (elaborations) • 78 pages • 2024
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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 
EXCELLENCE 
2 
B...
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GEORGIA- PROPERTY & CASUALTY QUESTIONS AND ANSWERS
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All of the following are true regarding aviation insurance EXCEPT: - Answer-It can be added to the CPP 
 
A customer has 5 identical vases that are insured on an inland marine floater for $30,000 and 1 of the vases is stolen. The remaining 4 vases are appraised at $20,000, how much will the insurer pay? - Answer-$10,000 
 
Which of the following is not an unfair claims settlement practice? - Answer-Requiring proof of loss to be submitted 
 
Theft, disappearance and destruction covers which of th...
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Pearson VUE: Property Insurance Practice Exam Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 24 pages • 2024
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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
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Pearson VUE: Property Insurance Practice Exam Already Passed
- Exam (elaborations) • 30 pages • 2024
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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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CISR Insuring Commerical Property Questions With Correct Answers!!
- Exam (elaborations) • 22 pages • 2023
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Select the answer that most closely describes Actual Cash Value (ACV). - A method of establishing 
the value of property wherein depreciation and obsolescence are deducted from the value of the 
property. 
Select the answer that most closely describes Functional Replacement Cost. - A provision which 
changes the policy valuation so as to provide for replacement with a different structure which performs 
the same service or function, but is less costly. 
Which of the following statements best def...
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