Insurance Term
Co-insurance
A cost-sharing provision where the insured and insurer share the cost of a covered claim after the deductible has been met.
What does Co-insurance mean in insurance?
Common in health insurance (e.g., 80/20 split) and property insurance (co-insurance clause requiring property to be insured to 80%+ of replacement value).
Related insurance terms
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Practice QuestionEasy
Which of the following best describes the concept of Co-insurance?
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