Discover how an agreed amount clause works in property insurance, its benefits by waiving coinsurance, and see a practical example. Learn how it affects your coverage.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. MoMo Productions / Getty Images The coinsurance formula is the homeowners insurance formula ...

You'll likely find a coinsurance clause in your commercial property insurance policy. This clause outlines how much insurance coverage you must carry in relation to the replacement cost of your ...

You may be familiar with coinsurance in the context of health insurance and workers’ compensation policies. In these cases, coinsurance means the insurance company and the patient share the costs of ...

Medicare has different out-of-pocket costs, including premiums, deductibles, copayments, and coinsurance. Copayments are fixed dollar amounts, and coinsurance is a percentage of the cost. You may ...

Coinsurance is the percentage of a medical bill that you’re responsible for after you’ve met your deductible. Think of it as an agreement with your insurance company to share costs: You each pay a ...