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

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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 ...

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