A percentage of costs that the insured must pay after the deductible has been met. Co-insurance is a fundamental concept in health insurance that distributes healthcare expenses between the insurer and the insured.
The Co-Insurance Clause is a provision in property insurance policies requiring the insured to bear a portion of the loss if the property is underinsured.
An in-depth look at deductibles, their types, historical context, importance, applicability, and more.
