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What Is Coinsurance? Definition & Examples

By Kristi Waterworth – Updated Jul 1, 2025 at 2:21AM

Key Points

  • Coinsurance is a split cost between you and your insurer after meeting your deductible.
  • Copays are fixed upfront charges that apply before meeting your deductible.
  • Property insurance coinsurance affects claim payouts if underinsured.
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