Unit 2 Quiz Error
by Michael11 Pautauros11 - This particular question tells me that there are two possible choices that are correct.
23
Marks: 1
Which of the following defines coinsurance?
Choose one answer.
a. Loss Settlement 
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| b. All of the answers are correct
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c. Expresses the insurer's responsibility as being only that portion of a loss, which the limit of insurance bears to the value of the property at the time of the loss. 
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d. The coinsurance clause penalizes insured by requiring them to pay a percentage of the loss if they do not insure the property to value. 
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| e. Loss times the Limit of Insurance divided by the value of the property times the coinsurance percentage
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Incorrect
Marks for this submission: 0/1.
Re: Unit 2 Quiz Error
by Jan Bradburn- - I have contacted the technical dept to report the error with this question. The correct answer is "All of the answers are correct".