For Property Insurance, as Long as Coverage Is at Least

question 47

True/False

For property insurance, as long as coverage is at least 80 percent of the value of the property, the property is considered fully covered under the coinsurance provision.

---

Definitions:

Environmental Threat

Any potential or actual harm to the environment caused by human activities or natural events.

Environmental Damage

Harm caused to the natural world, including air, water, and land pollution, as well as destruction of ecosystems and loss of biodiversity.

Modernize

refers to the process of adopting newer methods, ideas, or technologies in various spheres such as infrastructure, economy, and social practices to improve efficiency and quality of life.

Technopoly

A society that highly values and depends on technology, often prioritizing technological advancement over other social values.