Definition of Coinsurance Clause:
Meaning of Coinsurance Clause: A co-insurance clause is a clause that covers the costs incurred by the insurer and the insured in terms of health or loss insurance based on a fixed percentage of the value of the insured housing property. . Safe. In the case of property insurance, the insured also faces a penalty and if he does not insure a certain percentage of the total amount, he will have to pay more for damages. In other words, the insured must pay a portion of the policy claim along with the coin insurance clause.
Coinsurance Clause refers to A provision found in most corporate income and property insurance policies for which the policyholder has to assume a certain percentage of the insurance policy on the sum insured. Otherwise, compensation will be less than the deficit ratio. This is sometimes called a partnership or average clause.
(Health Insurance) - Offers health insurance that obligates the insured to bear part of the losses. This usually requires the policyholder to pay 20% compensation. Warning: Property policies use different definitions.
(Asset Insurance) - Property insurance that encourages policyholders to insure the property for its full value. If the insured does not cover at least a certain percentage (usually 80%) of the value of the property, the insured pays a proportional amount for the partial loss. Also known as the Parsimonus clause.
A clause requiring the policyholder to retain at least a fixed percentage of property insurance in order to fully compensate for partial losses.
Literal Meanings of Coinsurance Clause
Meanings of Clause:
The grammatical organization unit, located below the sentence in a row, must contain a theme and prediction in traditional grammar.
Articles, terms or conditions are specific and separate from an agreement, bill or agreement.
Sentences of Clause
Ground clauses fall into the category of traditional limited clauses.
We actually have adjective phrases that can qualify as nominal phrases or nouns.
More attention is paid to individual words than to sentences or phrases related to this phenomenon.
I will contact you if I can fit these clauses into a coherent sentence.
I should have known, because they used a sentence clause, that it was a bad idea.
A limited agreement is a clause that limits or restricts the scope of the relevant name.
Synonyms of Clause
idiom, construction, locution, term, phrasal idiom, word group, group of words, wording, paragraph, part, passage, set phrase, point, idiomatic expression, heading, turn of phrase, note, clause, subsection, item, phrasal verb, article