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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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