Coverage & policy
Coinsurance
A clause requiring coverage of at least a set share (often 80%) of the home’s value. Falling short means the insured bears part of every loss, even a partial one.
Related terms
More in Coverage & policy
- HO-7
- Dwelling coverage (Coverage A)
- Other structures (Coverage B)
- Personal property (Coverage C)
- Loss of use (Coverage D)
- Personal liability (Coverage E)
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