Coinsurance – Don’t Assume You Know What it Means

In insurance words mean different things in different policies, it’s probably why most people think insurance is complicated and cumbersome. I can’t say I disagree with those adjectives.

Coinsurance is one of those words and it means something much different in a property policy then it does in your health insurance or D&O policy. Find out what it means in the property policy how it can reduce your claim payment if you are not insuring to value.

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