1. Describe how the co-insurance feature works. 2.What are the perils that most properties are insured for under various types of homeowner’s policies? 3. What are deductibles? Do they apply to either...

1. Describe how the co-insurance feature works.

2.What are the perils that most properties are insured for under various types of homeowner’s policies?

3. What are deductibles? Do they apply to either liability or medical payments coverage under the homeowner’s policy?