Coinsurance Penalty

Definition of "Coinsurance penalty"

Debi Hauer real estate agent
Debi Hauer, Real Estate Agent Keller Williams Realty

Reduction in the amount that the insured receives from the insurer, after having incurred a property loss, because the insurer failed to carry the amount of coverage required by the coinsurance clause.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions