PCIIA Affliate View Our Blog Services Who We Are Join Our Newsletter

Have you ever wondered what the coinsurance clause on your policy means?

Coinsurance may well be one of the most confusing and misunderstood terms in insurance.

Coinsurance is the percentage of value that the policyholder is required to insurance   If you insure your property for less than that amount your insurance company imposes a “coinsurance penalty” once a claim is filed.  The value is determined at the time of the loss and if the amount of insurance is found to under the stated coinsurance percentage then a penalty is applied reducing the claim payment.

Posted 11:29 AM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
7910 Summerlin Lakes Dr. | Ft. Myers, FL 33907

HOME    ABOUT    CONTACT US    BLOG    AGENT LOGIN


Copyright Pacific Crest Independent Insurance Alliance. All rights reserved. Powered by Insurance Website Builder
Blog RSS
Blog RSS