Replacement Cost and Coinsurance Part 2

This video is part 2 of 2
It will help you to understand the coinsurance clause and how to calculate the coinsurance formula.
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[@uniquelyyoucoachingcoachg4158]

My ever loving Jesus Christ! I’m not great with numbers and was about to pull my hair out. I asked a friend who I feel is great mathematically. He and his wife kept hitting brick walls. I found your site and the heavens were opened! I GOT IT!!! Thank you soooo much!

[@brendabetts9798]

You are a lifesaver. I’m studying for my test in 2 weeks and this coinsurance piece gave e a headache. I understand it so much better now. Thanks you!

[@nasimsalehi9962]

Oh my God, I was trying to understand this formula more than 2 hours and I was so frustrated and disappointed. Thank you so much for such a great explanation. God bless you girl❤❤❤

[@J3nnycat]

Thank you! Amazing! I’m horrible with math and numbers, but you broke it down so well. 😊

[@laurab9518]

Okay want to tell you that you completely fixed my confusion on the math formula and I have it perfectly worked out when before I couldn’t grasp it. You explain math really well. Thank I’m subscribed and looking forward to watching more on your channel

[@xgabrielsanchez]

Ahhh, Im preparing for my Insurance exam with a week of studying and this video helped me understand Coinsurance Formula thank you!!!

[@brittneyglover6931]

Just wanted to let you know that someone is leaning from your videos in 2021! Thank you 😊

[@johnhunter2871]

@InsuranceLady
God Bless You. I spent an hour getting frustrated and trying to understand coinsurance from my school and lousy investopedia but I FAILED MISERABLY AND DID NOT UNDERSTAND ANY OF IT.
That is until I found your video. You are BRILLIANT. YOU SAVED ME. I wish I could enroll in your school. Thank you so much. YOU ARE THE BEST. I LOVE YOU.

[@maricruzcarlton]

Thank you for being such a great teacher.

[@Blackbirdofheaven]

Wow this helped so much, I was utterly confused about coinsurance but this video and the way you explained it really helped me so much! Thank you!

[@nileshhajare]

Thank you for explaining in such a simpler manner.

[@brittneykiphart1163]

THANK YOU! I have been struggling so much with this and you made all the dots connect for me. You da bomb

[@natanyagaston5731]

Rebecca you really broke it down. I'm studying to take the test and the way my instructor explained it was kind of confusing but you provided clarity, thank you!

[@schubertdavid4971]

Thank you for this explanation. 💜

[@gauravt4455]

Good one Thanks

[@markmedina1925]

Awesome explanation! 👌 👏👏👏 What a blessing to find you!

[@FMoran1966]

Thank you for posting/clarifying on coinsurance for partial losses and replacement cost v. TIV (total insurable value).
I wonder if you can explain on the topic of a total loss to scheduled personal property, the reduction in premium, return of unearned premium or the application of unearned premium to the premium for the replaced item. It does not make sense that unearned premium should be allocated to replace the item versus use of the earned premium. I am thinking the difference lies in that a premium for a scheduled item of property would have been paid in advance versus in installments. The destruction would effectively end the policy, and the unearned premium would effectively become earned premium, and then applied to replace the item and produce a restoration of limits.

[@kendravandervelde8291]

Thank you so much for making this understandable. I've watched hours of expensive courses and- still didn't fully get it. You? You explained it in a way that actually made sense. Also- we've gotta get another like on here- can't stay @ 666

[@ajaygeorge4391]

Your teaching method makes math interesting 👏🏼

[@tspratl]

Thank you for explaining this. My instructor made it so complicated. One question. Do we have to subtract the deductible from the total or does your method already include that?

[@NeshaB99]

When she said "let's try another one".....yesssss!!!

[@laurenluker5450]

This was so very helpful thank you so much! You’re a life saver

[@almaalvarez5230]

Best explanation 👌 on yt

[@arianapereira9210]

This video has been so very helpful for me.... thank you so much

[@vicentesantana5145]

thank you Rebecca, it helped me a lot

[@yasn3038]

Thank you, you made it so simple. 🙏

[@edwigejean254]

Thank you for sharing. Very informative & helpful.

[@katharinegriffin9282]

Thank you very helpful

[@katfox2104]

Thank you

[@marthacarrillo8255]

Thank you thank you thank you!!!!

[@Lionqueen2011]

This was very helpful 🙂

[@danamissy]

Thanks

[@MrSamuelivey]

Awesome ty

[@M4U_CLLIEW]

Thanks for your clear explanation with example :) May i ask if there is a $1 000 deductible for this insurance. And the claim is $50 000, we should minus the deductible first then only calculate for the co-insurance part or calculate the co-insurance part first then only minus the $1 000 deductible. Thanks for your help :)

[@DAYCREAMY]

Amazing work. Quick question please. Can two insurance companies share a premium on Critical asset from a broker?

[@lasha4585]

THANK YOU!

[@lilianaramos5467]

Question, how do you know / how do you find out the Replacement Cost? Do you go off by the value of the home?

[@eawadallah09]

Are you able to use a calculator at the testing side?

[@joelaaplacido]

where did the 23,130 penalty come from?

[@samarfaisal22]

What if the deductible is applied

[@anamulali7895]

AE😍

[@purplefarmdog4047]

What is the deductible?.

[@runzola2036]

how do i find out my replacement cost for my house?

[@DAYCREAMY]

Amazing work. Quick question please. Can two insurance companies share a premium on Critical asset from a broker?