A Coinsurance Clause in a Fire Insurance Policy Provides Which

A coinsurance clause in a fire insurance policy provides which of the following?

A) The insured must buy policies covering the insured property from at least two different companies.
B) The insurer will contract with another company to share the risk for loss on the property.
C) The insured must purchase insurance coverage for a minimum percentage of the property's value or will be required to bear a portion of any losses.
D) The insurance policies are backed up by the insurer obtaining reinsurance.
E) An independent government agency will cover any covered claims that the insurer is unable to pay due to bankruptcy,and other factors.

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