Coinsurance Percentage
Definition of "Coinsurance percentage"
In many property insurance policies, a requirement that the insured carry insurance as a percentage of the total monetary value of the insured property. If this percentage is not carried, the insured is subject to the coinsurance penalty.
Popular Insurance Terms
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Circumstance in which an insurance company can issue life or health insurance to an applicant based on standards set by the company. ...
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