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Welcome to a Lucrative Career (Pre-Course Intro)
Beginner's Guide to Claims Adjusting
Inland Marine vs. Ocean Marine
General Knowledge
Personal Lines
Personal Auto Policy
Commercial Lines
Crime Coverage
P& C Insurance Terms and Related Concepts

Coinsurance

I’m going to give some math problems

YOU’LL NEED PEN & PAPER

Let’s talk about what coinsurance is? These questions could be on the exam you take. Pay close attention. Coinsurance is used to require the insured to purchase insurance close to the value of the property. In property insurance a coinsurance penalty occurs when the insured did not have enough insurance on a property. Typically, insurer’s want to property insured for 80% of the property value.

In this video learn how to calculate the difference.

Confused By Insurance Terms?
Coinsurance: The Misunderstood Property Insurance Pitfall | NAIOP
Coinsurance Calculator - Marijuana Insurance | Cannabis Insurance

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