Horatia

Coinsurance: Definition, How It Works, and Example.

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. What is Coinsurance? Coinsurance is an insurance policy provision that requires the policyholder to cover a portion of their own losses. For example, if a policy has a coinsurance clause of 80%, and a covered loss occurs, the policyholder would be responsible for paying 20% of the loss, while the insurance company would pay … Read more

What Does Encroachment Mean?

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Encroachment is defined as an unauthorized intrusion or invasion onto another person’s property. An encroachment can be either physical, such as a fence that is built on your neighbor’s land, or it can be legal, such as an easement that gives your utility company the right to use a portion of your land. How do … Read more