Coinsurance: Definition, How It Works, and Example
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YouTubeSimple Explain
Coinsurance: Definition, How It Works, and Example
Coinsurance is the amount an insured must pay toward a covered claim after the deductible is satisfied. It is common in health insurance and some property insurance policies. One of the most common coinsurance breakdowns is the 80/20 split. After the deductible is met, the insured pays a percentage of the remaining costs, while the insurer ...
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