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    Insurance Policy Provision requiring Minimum Coverage

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    A policy provision that requires an insured to carry a certain minimum level of insurance covering property in order to be able to recover the full policy amount is:

    a. an exclusion clause
    b. an indemnity clause
    c. a coinsurance clause
    d. a reinsurance clause
    e. a deductible clause.

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    c. a coinsurance clause

    Ref: http://www.answers.com/topic/coinsurance

    A clause in an insurance policy stating the minimum percentage of value to be ...

    Solution Summary

    Solution explains the concept of Minimum Coverage of Provision of Insurance Policy