Coinsurance
Revision as of 23:38, 31 May 2020 by Kevmwangi (talk | contribs) (Created page with "Coinsurance is when an insurance policyholder pays a percentage of a loss, and the insurance company pays the remaining cost. ==Definition== According to Principles of...")
Coinsurance is when an insurance policyholder pays a percentage of a loss, and the insurance company pays the remaining cost.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Coinsurance. When an insurance policyholder pays a percentage of a loss, and the insurance company pays the remaining cost.
