Posts Tagged ‘Average Clause’
‘Coinsurance’ or ‘Average Clause’ Explained and Case Study
Coinsurance Clause or Average Clause An insurance policy for a property owner is accompanied by a detailed and complex contract that will contain clauses, provisions and responsibilities that are assigned to either the policy holder or the insurer. One of these provisions is the coinsurance clause. Coinsurance is quite often misunderstood and it inclusion in…
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