On a major medical insurance policy, the amount that an insured must pay on a claim before the insurer will pay is known as

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On a major medical insurance policy, the amount that an insured must pay on a claim before the insurer will pay is known as

A. Inside limit
B. Coinsurance
C. Deductible
D. Copayment

Answer: C. Deductibel

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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