An Owner Purchases a $100,000 Parcel of Property but Only

question 27

Multiple Choice

An owner purchases a $100,000 parcel of property but only insures for $60,000. There is a partial loss under the policy of $30,000. Under the coinsurance rules, the title insurance company would be liable for the following claim:

• A) $30,000.
• B) $12,000.
• C) $18,000.
• D) $24,000.

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