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What is the purpose of the coinsurance clause?
保险条款
目的 被保险人
Questioner:Amelia Wilson 2023-06-05 14:12:14
The most authoritative answer in 2024
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Harper Foster——Studied at Stanford University, Lives in Palo Alto, CA
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William Patel——Works at Apple, Lives in Cupertino, CA
Coinsurance is a property insurance
provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not at least equal to a specified percentage (commonly 80 percent) of the value of the insured property..Sep 29, 2011
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