A description that references a part of a section and gives the ...

[lilldybug07]

A description that references a part of a section and gives the full government survey location is sufficient.
  Indicate whether the statement is true or false

Question 2

Paul purchased a house and also purchased fire insurance coverage on the house. The policy contained an 80 percent coinsurance clause. Paul maintained coverage in the amount of 150,000 and the value of the house was 250,000. A fire caused a loss of 100,000. Paul will collect:
 A)the full 100,000, because he had coverage for 150,000.
 B)only part of the 100,000 loss, because he failed to maintain coverage at 80 percent of the value of the house.
 C)nothing, because he failed to maintain coverage at 80 percent of the value of the house.
 D)80 percent of 250,000, or 200,000.

[sabina576]

Answer to Question 1

FALSE

Answer to Question 2

B

[lilldybug07]

Thank you

[sabina576]

Happy to help you