Explain reasoning underlying use of coinsurance clause

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-Explain the reasoning underlying the use of the coinsurance clause in property insurance. Is there any way to accomplish this purpose other than through the use of coinsurance? Please explain.

-Explain the major reasons for excluding certain perils from insurance contracts. Do you believe these reasons are compelling to justify most exclusions?

-Provide one real life example of a moral hazard, morale hazard, and physical hazard. Considering your example for moral hazard, what could have potentially mitigated this hazard?

Reference no: EM133040972

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