Estimating & Workflow
Coinsurance
A policy condition requiring the insured property to be covered for at least a stated percentage of its replacement value. If the coverage is lower, the payment on a loss is reduced in the same ratio. Underinsured properties feel the effect when a total loss is measured against the actual value.
Common questions
What does "Coinsurance" mean in Xactimate estimating?
A policy condition requiring the insured property to be covered for at least a stated percentage of its replacement value. If the coverage is lower, the payment on a loss is reduced in the same ratio. Underinsured properties feel the effect when a total loss is measured against the actual value.
Where does "Coinsurance" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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