Renee is risk manager of XYZ company. She purchased a commercial Package Policy for her company and added one of the optional coverages. This option suspends the coinsurance clause and substitutes a new agreement covering any loss int eh same proportion that the limit of insurance bears to a value specified in the declarations. This provision is known as

Renee is risk manager of XYZ company. She purchased a commercial Package Policy for her company and added one of the optional coverages. This option suspends the coinsurance clause and substitutes a new agreement covering any loss int eh same proportion that the limit of insurance bears to a value specified in the declarations. This provision is known as




A) waiver of inventory coverage
B) inflation guard coverage
C) agreed value coverage
D) replacement cost coverage



Answer: C

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