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-Refer to the graph above to answer this question.Which of the following statements is correct?
Property Insurance Policy
An agreement that offers monetary compensation to the owner or lessee of a building and its belongings in the event of destruction or theft.
Lessee
A person or entity who leases or rents property from a lessor.
Co-insurance Clause
A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim amount.
Apportions Losses
The process of dividing or allocating financial losses among different parties, usually according to a predetermined formula or agreement.
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