Real Estate Glossary

  Coinsurance Clause

A provision in a hazard insurance policy that states the amount of coverage that must be maintained -- as a percentage of the total value of the property -- for the insured to collect the full amount of a loss.

 

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Westchester County Real Estate Agent and Putnam County Homes
Westchester Putnam Realtor Alexander Rallis - Broker Owner- 1(866)222-0772
RE/MAX Heritage Realty 1870 East Main St. Mohegan Lake, New York 10547. Serving Yorktown Heights, Croton, Chappaqua, Westchester Putnam Counties New York.


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