A Coinsurance Clause Requires the Insured to Maintain Insurance on the Covered

question 50

True/False

A coinsurance clause requires the insured to maintain insurance on the covered property up to a certain amount or a certain percent of the value,generally 80 percent.

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Definitions:

Wear Watch

The act of putting on and displaying a timepiece, typically worn around the wrist, as a personal accessory and for telling time.

Clinical Capacity

The ability of a healthcare facility to provide patient care, considering its resources, staff, and infrastructure.

Provider

A term commonly used in healthcare to refer to an individual or entity that offers medical services.

Rooms Ahead

Areas or spaces available in front of a current position, typically referring to navigation within buildings.