A condition in a property insurance policy that states the policyholder must carry insurance as a percentage of the property's value. Failure to carry this insurance can result in the policyholder being charged the coinsurance penalty.
Related information about coinsurance percentage:
- Co-insurance - Wikipedia, the free encyclopedia
The most commonly issued coinsurance percentage would be 80% but can be as high as 100%. The former [80%] would impose the greatest penalty for under ...
- What is the Coinsurance Percentage? | petMD
Jul 7, 2011 ... For the past couple of weeks, we have looked at several terms you need to be familiar with and the part they play in determining how much ...
- Benefits and Claim Procedures: Health Coinsurance
The "Insured Coinsurance Percentage" is the portion of the covered expenses that you are responsible for paying after co-pays and the deductibles are met.
- Coinsurance Percentage: Definition from Answers.com
Coinsurance Percentage In many property insurance policies, a requirement that the insured carry insurance as a percentage of the total monetary value.
- What is coinsurance percentage? - BusinessDictionary.com
Definition of coinsurance percentage: A condition in a property insurance policy that makes the policyholder to have insurance as a percentage of the property's ...
- What is COINSURANCE PERCENTAGE? - The Law Dictionary
Definition of COINSURANCE PERCENTAGE: A percentage expected in insurance coverage based on a property's worth. Conditions requiring this are written ...
- Coinsurance - Property Insurance
If the amount of insurance is found to be under the coinsurance percentage then a penalty is applied reducing the claim payment. This hurts the policyholder.
- What is coinsurance percentage? - InvestorWords.com
Definition of coinsurance percentage: A condition in a property insurance policy that states the policyholder must carry insurance as a percentage of the ...