Question

In: Finance

Insurance companies will not pay for the full cost of a claim in the event that...

Insurance companies will not pay for the full cost of a claim in the event that you do not have your property insured for at least 80% of its value due to which of the following?

A.

Co-insurance

B.

Depreciation of assets provision

C.

Limited liability

D.

Insurable interest

Solutions

Expert Solution

Insurance companies will not pay for full cost of a claim in the event that you do not have your property insured for at least 80% of its value due to:

D. Insurable interest


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