Multiple Choice
Which of the following is true of coinsurance?
A) It is rarely found in property insurance policies.
B) It allows the insured to pay an extra premium initially in exchange for a guaranteed option to buy more insurance at certain specified times later.
C) It excuses the insured from paying premiums if he or she becomes disabled.
D) It is a provision under which the insurer and the insured share costs,after the deductible is met,according to a specific formula.
Correct Answer:
Verified
Correct Answer:
Verified
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