Explain the rationale of co-insurance in a property insurance contract.
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Explain the rationale of co-insurance in a property insurance contract.
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Coinsurance in a property insurance contract is a provision that requires the policyholder to share a portion of the financial risk with the insurance company The rationale behind coinsurance is to en...View the full answer
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Related Book For
Principles Of Risk Management And Insurance
ISBN: 9781292151076
13th Global Edition
Authors: George E. Rejda, Michael J. McNamara
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