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A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager...

A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to arrange this, the insurance company might:

a.terminate coverage based on a charge of fraud

b.keep the policy in force, but lower the client's credit rating

c. agree to reduce the coverage only if the deductible is increased by a corresponding amount

d.refuse to reduce the coverage, because insurers generally require that property be insured to at least 80% of its value

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