Coinsurance

Select one:

a.

Results in a better insurance policy because more than one insurance company are jointly responsible for potential claims.

b.

Permits the insurer to pay the policy holder for damage to an under-insured property on a pro rata basis.

c.

Results in lower insurance premium to fully insured clients than the equivalent case without co-insurance clause.

d.

All of the above are correct.

e.

Two of the above statements are correct.