What is the difference between Double and co-insurance?

      

Explain the difference between Double and co-insurance.

  

Answers


Maurice
This refers to where an insured takes the same insurance policy/ insures the same subject matter against the same risk with more than one insurance company whereas co-insurance is whereby one insurance company invites other insurers to insure with them the same property against the same risk.
maurice.mutuku answered the question on July 21, 2017 at 09:33


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