Commercial Property Coinsurance Clause What is it and How Does it Work

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Iy67UXjqB3g

In this episode of One Risk Minute, Mike explains the commercial property coinsurance clause in less than 1:30. The coinsurance clause is often complicated and misunderstood, and Mike thinks commercial property owners must understand coinsurance. • In this video, Mike provides an example of a policyholder that received far less than expected because of an 80% coinsurance clause on the policy. Commonly, insureds believe the insurance limit on their property policy is the amount they can receive for a loss. This is far from the truth. • Coinsurance clauses affect total and partial losses. In most cases, coinsurance is written at 80%, 90%, or 100%. You must read your policy to understand your coinsurance clause and insure your property to value. Also, know your deductible as described in this video. • Please remember to visit us on social media. • / foagency.ins • / foagency.ins • / foagency • / fusco- -orsini-insurance-services-inc- • You may contact us at 858-384-1506 for all questions. Thank you for watching! • #coinsurance #commercialproperty #insurancetips #insurancehelp #claim #commercialinsurance #insurance101

#############################

New on site