Question
In homeowner's insurance, coinsurance is an a. agreement between two or more insurance companies to jointly cover a large risk. b. contractual agreement to make
In homeowner's insurance, coinsurance is an
a. agreement between two or more insurance companies to jointly cover a large risk.
b. contractual agreement to make the insured bear a portion (USUALLY SMALL) of every loss.
c. contractual agreement to prevent over-insurance.
d. contractual agreement that penalizes the insured when under insured.
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
3rd Edition
1450421040, 978-1450421041
