Margherita
Mon Oct 07 2024
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5 answers
1067
What is a coinsurance policy?
Can you explain in simple terms what a coinsurance policy is? I've heard of insurance policies before, but I'm not quite sure how a coinsurance policy differs from other types of insurance. Is it a type of insurance policy that covers multiple things at once? Or is it something else entirely? Could you give me a real-life example of when a coinsurance policy might be used? Also, how does the coinsurance percentage work, and what happens if the insured party doesn't meet the coinsurance requirement? Thanks for your help!
