One true statement about a coinsurance clause is that: ____________.
a. it grants an insurer all of the insured's rights to pursue legal remedies against anyone who intentionally harms the property.
b. the coinsurance formula applies to complete destruction of a property.
c. an insured is entitled to recover more than the face amount of the policy regardless of the type of loss.
d. it may operate as a further limit on the insurer's payment obligation and the insured's right to recovery.