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In property insurance, the policyholder is required to carry coinsurance equal to a specified percentage of the value of property to receive full payment on a loss. Coinsurance — An insurance-related term that describes a splitting or spreading of risk among multiple parties. The coverage is limited to the terms, limits and conditions of the policy contract. Draw the Line I. Pays the cost of treatment, rehabilitation and sometimes lost wages and funeral expenses due to an accident Automobile Liability Insurance — Coverage if an insured is legally liable for bodily injury or property damage caused by a vehicle that the individual owns or operates.
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Thanks for contacting RediFooting! Deductible — Amount of loss that the insured pays before the insurance kicks in. Benefits are variable based on the value of underlying equity investments, and premiums and benefits are adjustable at the option of the policyholder. Use the following electronic form to request additional information about our homes, comment on our website or request additional literature about our communities. Named Insured — The person or entity listed on a policy declarations page. Flood Insurance — Damage from a flood is not covered by a standard Homeowners insurance policy, but coverage can be purchased as an endorsement or a separate policy. Social networks Connect With Us: Co-payments are not usually specified by percentages. Not even a tiny shift in 7 years! Additionally, your age and income have a direct bearing on your life insurance needs. Condo Insurance — A type of Homeowners insurance that meets the special needs of condominium or townhouse owners.
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