The total amount of insurance the policyholder must possess so he or she can be covered for the total amount of a loss and not be charged the coinsurance penalty.
Related information about coinsurance requirement:
- Coinsurance Requirement: Definition from Answers.com
Coinsurance Requirement Amount of insurance that the insured must carry in order to be indemnified for the total dollar amount of the actual loss.
- What Is Coinsurance?
Jul 31, 2012 ... Coinsurance is a type of insurance in which the insurer and the insured split risks with each other. A coinsurance policy can be...
- coinsurance requirement Definition | Business Dictionaries from ...
amount of insurance that the insured must carry in order to be indemnified for the total dollar amount of the actual loss. If this requirement is met by the insured, ...
- How NOT to Explain Coinsurance to Clients | MyNewMarkets.com ...
Jul 20, 2009 ... “Should” for a structure with a TIV of $500,000 and a policy coinsurance requirement of 80 percent is $400,000 (TIV x 80%). Be careful to not ...
- What is coinsurance requirement? definition and meaning
Definition of coinsurance requirement: The total amount of insurance the policyholder must possess so he or she can be covered for the total amount of a loss ...
- Property Insurance: What in the World is Coinsurance? | Western ...
This requirement is called the “coinsurance requirement.” Policy holders must adhere to this requirement in order for losses to be paid without problem under the ...
- What is COINSURANCE REQUIREMENT? - The Law Dictionary
Definition of COINSURANCE REQUIREMENT: The insurance amount the policyholder must have as total coverage for either the total amount of a loss or a ...
- Covering the Bases: Coinsurance requirement with a diagnostic ...
Oct 28, 2012 ... I had a screening colonoscopy last month. The doctor removed a polyp. Luckily the polyp was non-cancerous. However, I received a bill for the ...