An owner purchases a $100,000.00 parcel of property but only insures for $60,000.00. There is a partial loss under the policy of $30,000.00. Under the coinsurance rules, the title insurance company would be liable for the following claim:
A. $30,000.00
B. $12,000.00
C. $18,000.00
D. $24,000.00
Answer: C
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