Although more commonly known in the health insurance industry, coinsurance also exists in property insurance. The coinsurance clause in property insurance serves to penalize the insured if they fail to insure the property according to the declared coinsurance percentage. The purpose of property insurance...
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To better understand how coinsurance in property insurance works, let’s look at an example. Let’s say you have an 80% coinsurance declared in your property policy with $5,000 deductible. The replacement cost of your property is one and a half million. Therefore, you are required to purch...
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but be aware Avianca’s situation is not ok at all in Brazil and Peru they declared bankruptcy… despite the LifeMiles program is a separate business from the Avianca’s holding it could be drastically impacted in the future. Reply June 27, 2020 at 8:18 am Ian says: Avianca applied for...
Why Britney Spears and Justin Timberlake Are Feuding in 2024 Britney Spears' song "Liar" climbing up the charts now was sparked by Justin Timberlake recentlyclaiming he has nothing to apologize for. During a performance in New York City on Jan. 31, an unprompted Timberlake declared, "I'd lik...
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Why Britney Spears and Justin Timberlake Are Feuding in 2024 Britney Spears' song "Liar" climbing up the charts now was sparked by Justin Timberlake recentlyclaiming he has nothing to apologize for. During a performance in New York City on Jan. 31, an unprompted Timberlake declared, "I'd lik...