Question
Highlight four reasons for co-insurance.
Answer
- When the value of the property being insured is too high to be covered by only one insurer.
- When there is need to spread risks among different insurers.
- When the risk insured is too high to be covered by the insurer alone.
- If is a government policy
- When there is need to spread risks among different insurers.
- When the risk insured is too high to be covered by the insurer alone.
- If is a government policy
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