Definition of "Five percent rule"

Nicky Fedor real estate agent
Nicky Fedor, Real Estate Agent Berkshire Hathaway Fox & Roach

Coinsurance requirement such that if a loss is less than $10,000 and also less than 5% of the total of insurance to cover a loss, then the insurance company will not require that the property not damaged by the peril be inventoried or appraised.

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