Co-insurance

Plain English Definition: A policy feature where the insured shares the cost of claims after the deductible is met.

What Co-insurance really means for someone with an insurance policy

Co-insurance is the percentage of costs the insured must pay after meeting the deductible.

Co-insurance Real World Examples

• Paying 20% of medical bills after the deductible.
• Sharing repair costs for home damage after a claim.
• Covering part of the expense for a covered auto repair.