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Coinsurance
Refers to an insurance policy whereby the insured and the insurer both share (according to a pre-set formulae, generally a percentage) the losses incurred in relation to an insured risk, (i) often after a "deductible" amount which is non-repaid; and (ii) with or without a cap (maximum) being put in relation to the disbursements made by the insurer in relation to a claim.
Coinsurance
Refers to an insurance policy whereby the insured and the insurer both share (according to a pre-set formulae, generally a percentage) the losses incurred in relation to an insured risk, (i) often after a "deductible" amount which is non-repaid; and (ii) with or without a cap (maximum) being put in relation to the disbursements made by the insurer in relation to a claim.
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