Can You Identify What's Covered Under a Dwelling Policy?

What happens if you don't have enough coverage to meet the coinsurance rule?

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Correct Incorrect If your coverage falls short of the required percentage, the insurer reduces your payout in proportion to how underinsured you are.

What happens if you don't have enough coverage to meet the coinsurance rule?

• Only the deductible applies
• You still get full replacement cost
• Your claim is denied completely
• You get less money based on how underinsured you are