Which of the Following Is True of the Coinsurance Feature

question 21

Multiple Choice

Which of the following is true of the coinsurance feature of property insurance?

• A)It prevents the insured from insuring for a minimal amount and recovering in full for such losses.
• B)It precludes the insured from insuring for less than the coinsurance percentage.
• C)It is an additional refinement of the insurable interest requirement.
• D)It helps the insured to recover full damages for any loss.

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Definitions:

New England Textile Mill

Factories located in the New England region of the United States, notably active during the 19th and early 20th centuries, important for the development of the Industrial revolution in America, primarily producing textiles.

Hartford Convention

A series of meetings from December 1814 to January 1815 in Hartford, Connecticut, where New England Federalists gathered to discuss their grievances concerning the War of 1812 and political problems arising from federal government's increasing power.

Federalist Meeting

A gathering or assembly of Federalists, members of a political party in the early United States that advocated for a strong federal government and supported the ratification of the U.S. Constitution.

British Policy Of Impressment

The practice by the British Navy of seizing American sailors and forcing them into military service, a contributing cause of the War of 1812.