Posts by user220

Understanding Co-Insurance Penalties: How They Affect Your Insurance Claim

Understanding Co-Insurance

When it comes to insurance, especially health or property insurance, terms like “deductible,” “premium,” and “coverage limit” are often understood by policyholders. However, a lesser-known but equally important term is co-insurance. If you’re unfamiliar with the concept of co-insurance, it’s crucial to understand it—particularly the impact of a co-insurance penalty—and how it can affect your…

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