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Insurance Glossary
Coinsurance
Definition
In property insurance, a clause requiring the insured to carry a stated percentage of a property's value or share in the loss. In health insurance, the insured's share of a covered cost after the deductible.
Related terms
Property InsuranceActual Cash Value (ACV)Replacement CostBusiness Interruption (BI)Contingent Business Interruption (CBI)
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