Some concepts in insurance are difficult to grasp by those new to the industry and agent licensing exam questions regarding these are often answered incorrectly. One is the concept of coinsurance.
Coinsurance applies to the amount recoverable by a property owner in an insured property loss. Its purpose is to encourage the insured to insure the property to its full value by applying a penalty to the amount recoverable in the event the property has been underinsured.
Our property and casualty course covers coinsurance and other concepts in detail so the student will understand them (as does our life & health course). We spend extra time on those difficult concepts and offer practice questions that enable the student to recognize correct answers when taking the state agent licensing exams. This is why we see an over 90% PASS rate as compared to 65% or less for online or self-study candidates. We hope you will select us for your exam prep course!