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| CoInsurance |
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submitted by arcel 455 days ago (via coinsurance.com) |
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| Coinsurance is a type of insurance in which the insurer and the insured split risks with each other, thus getting the name “coinsurance”. In addition to lowering the cost of insurance for the insured, coinsurance also benefits other people who are insured with the same company, by ensuring that the insurance company will be able to pay all claims. |
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