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What does 80% coinsurance mean for an insurance policy 2024?

Amelia Lewis | 2023-06-05 14:11:55 | page views：1397
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Ethan Hall

Works at the International Atomic Energy Agency, Lives in Vienna, Austria.
The term --coinsurance,-- when used in the context of property insurance, has an altogether different meaning. Here, coinsurance is the percentage of value that the policyholder is required to insure. A building with a value of $1,000,000 and a policy with an 80% coinsurance clause must be insured for at least $800,000.Apr 8, 2013
2023-06-13 14:11:55
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Charlotte Jackson

QuesHub.com delivers expert answers and knowledge to you.
The term --coinsurance,-- when used in the context of property insurance, has an altogether different meaning. Here, coinsurance is the percentage of value that the policyholder is required to insure. A building with a value of $1,000,000 and a policy with an 80% coinsurance clause must be insured for at least $800,000.Apr 8, 2013
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