119k views
1 vote
Most property insurance contracts have a coinsurance provision to: ____________.

User Aglasser
by
7.1k points

1 Answer

4 votes

Answer:

a) ensure reimbursement for the full amount of covered losses.

Step-by-step explanation:

Common in property insurance and health care, coinsurance aims to define the percentage the insurer has to pay after the deductible becomes satisfied.

In property insurance, this means that the insurer has the specified percentage of the total value covered (eligibility to have that part reimbursed).

User Jason Damiani
by
7.7k points