Insurance Journal

Commercial property policies (CPP’s) and homeowners’ forms widely differ in the application of the coinsurance condition. The coinsurance calculation is the same, but little else applies to both coverage types.

Completers of this class will know:
• Parts of the coinsurance condition common to both coverages;
• Which policy applies coinsurance as a penalty and which doesn’t;
• What property is NOT subject to a coinsurance calculation; and
• Options available to avoid coinsurance.