Question: Hi there, please help me to answer this question. Thank you in advance. 1. Discuss the meaning of deductible and coinsurance in the context of

Hi there, please help me to answer this question.

Thank you in advance.

1. Discuss the meaning of deductible and coinsurance in the context of insurance. What are the similarities and differences between the two? How do deductibles and coinsurance mitigate the losses of insurers?

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