Question: please help ASAP!! For numbers 22 to 24 , consider the following scenario: that has an 80% coinsurance clause. What does the 80% coinsurance mean?

please help ASAP!! please help ASAP!! For numbers 22 to 24 ,
please help ASAP!! For numbers 22 to 24 ,
please help ASAP!! For numbers 22 to 24 ,
For numbers 22 to 24 , consider the following scenario: that has an 80% coinsurance clause. What does the 80% coinsurance mean? The insurance company will pay a maximum of $2,880,000 to Dwid when loss occurs. When loss occurs, David will need to pay for 20x of the loss. David needs to purchase insurance with coverage of at least 80x of the property value in order to prevent penaity whien loss oction. The insurance company will pay up to BoW of the loss as ione as loss is a rewut of an acident. (Following the previous question) What would happen if David does not meet the coinsurance requirement? The policy will be voided. The insure would pay a reduced amount when loss happens. David's premium will be doubling. There will be more exclusions included in the policy. (Following the previous question) What's the minimum policy limit David needs to have on his houre in order to meet the ceirsa sact) requirement? 52,160,000 52.850.000. $3,600,000. 51,728,000

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