NH Public Adjuster Practice Questions - New Hampshire Public Adjuster Exam

What is the coinsurance clause commonly found in commercial property policies?

A clause that requires two insurers to share the risk equally A clause requiring the insured to maintain coverage at a specified percentage of the property's value or face a penalty at time of loss A clause that limits the insurer's liability to 50% A clause requiring the policyholder to pay a deductible

Correct Answer:

A clause requiring the insured to maintain coverage at a specified percentage of the property's value or face a penalty at time of loss

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