Coinsurance

Coinsurance A clause contained in most property insurance policies to encourage policy holders to carry a reasonable amount of insurance. If the insured fails to maintain the amount specified in the clause (Usually at least 80%), the insured shares a higher proportion of the loss. In medical insurance a percentage of each claim that the insured will bear. What is Coinsurance , What does mean Coinsurance , Insurance Guide, Insurance Glossary

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