What Is That Co-Insurance Clause On My Policy?
June 17, 2008 by Be Safe Insure
Filed under 1. Commercial Insurance, Property
Co-Insurance is a clause imposed on most commercial property insurance policies that requires you to insure your property up to a certain limit of insurance (usually 80%-90%, sometimes 100%). This means that if you you fail to insure your property to full value, you have become a “Co-Insurer” on your property & in the event [...]
