ch 8 lo 3

Ch. 8 - LO 3 0/1 Completed 1 Points If a homeowner's insurance had a replacement cost policy that covered damage to the home, and the homeowner had a mortgage, what is the minimum limit of coverage that insurers require and what is the minimum that a financial institution requires? both require 100% coverage of the full replacement cost B 50% coverage of the full replacement cost while the financial institution will likely require an amount sufficient to cover the mortgage 90% coverage of the full replacement cost while the financial institution will likely require an amount sufficient to cover the mortgage 80% coverage of the full replacement cost while the financial institution will likely require an amount sufficient to cover the mortgage