What the heck is co-insurance?

By |2018-05-17T12:15:28+00:009:38 pm|Categories: Business|Tags: , |

Recently, I had one of my clients call me up to go over his insurance policy. He had finally gotten around to clearing his desk and stumbled across of a renewal letter we sent that listed all of the 'important' parts of his policy - deductibles, limits, miscellaneous forms and such. When he got to the "Co-Insurance" portion of the property policy he stopped, picked up the phone and gave me a call... "What the heck is co-insurance?", he asked.