Final answer:
Coverage C - Personal Property is not automatically set at 50% of Coverage A under a dwelling policy; the details are specified in the policy itself. Moreover, in the context of insurance, coinsurance is when the policyholder shares the loss payment with the insurance company.
Step-by-step explanation:
The question relates to the subject of insurance, specifically within the context of a dwelling policy and the coverage that it provides. Coverage C - Personal Property under a dwelling policy does not automatically come as a fixed percentage of Coverage A, but typically must be chosen or added according to the needs of the policyholder. It is not limited to 50% of Coverage A by default, and neither is it a prohibited coverage nor limited to covering a servant's property while at the insured location. Rather, the amounts and specifics of Coverage C would be detailed in the policy itself, which should be carefully reviewed to understand the protection provided for personal property.
When dealing with insurance, it's also important to understand coinsurance, which is a stipulation that the insurance policyholder may pay a certain percentage of a loss, while the insurance company pays the remaining cost. This concept is critical because it affects how much compensation you may receive in the event of a claim. Understanding the different kinds of insurance coverage and how they pay out will inform better decision-making when selecting a policy that meets one's specific needs.