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medulla medulla
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6 years ago
In homeowner's insurance, coinsurance is:
A) an agreement between two or more insurance companies to jointly cover a large risk
B) a contractual agreement to make the insured bear a portion (usually small) of every loss
C) a contractual agreement to prevent over-insurance
D) a contractual agreement that penalizes the insured when under-insured
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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giddugiddu
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#1
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6 years ago
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medulla Author
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6 years ago
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