Your Home and Property Have a Market Value of $200,000

question 104

Multiple Choice

Your home and property have a market value of $200,000.Since you want to make sure that you meet the coinsurance provisions,you should have at least ________ of insurance.

• A)$160,000
• B)$180,000
• C)$200,000
• D)$220,000
• E)none of the above

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Definitions:

Unlimited Liability

A situation where business owners are personally responsible for all of the company's debts, without any limit.