ID Public Adjuster Practice Questions - Idaho Public Adjuster Exam

What is 'coinsurance' in a commercial property policy in Idaho?

Insurance shared between two companies A provision requiring the property to be insured to a specified percentage of its value or face a penalty at claim time The insured's deductible The public adjuster's fee percentage

Correct Answer:

A provision requiring the property to be insured to a specified percentage of its value or face a penalty at claim time

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