Personal Watercraft Insurance, What is Co-Insurance
Co-Insurance: Co-insurance is a kind of coverage that requires the insured pay a portion of the payment made against a claim. Such as, if piers and docks are damaged, then the insured will pay a specified amount toward the cost of replacement or repair as outlined under the terms of the policy. The amount is variable, but if the insurance coverage is much less than the insure to value, then there is a penalty.
