A clauseWords in a policy which describe certain specifications, limitations or modifications. More in an insurance policyA written contract of insurance. More requiring an insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More to carry a certain percentage, usually 80, 90 or 100 per cent of insurance in relation to the value of the property insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More. If the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More fails to do this, then he agrees to be a self insurerThe company providing the insurance coverage. More of all losses large or small in the same ratio as his failure to comply with the percentage required, is related to the insurance required. For example, a building valued at $100,000 with an 80 per cent co insurance clauseWords in a policy which describe certain specifications, limitations or modifications. More would require insurance coverage of $80,000. If coverage is carried for only $40,000 then the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More is a self insurerThe company providing the insurance coverage. More or co insurerThe company providing the insurance coverage. More for $40,000 of the $80,000, and the insurance company would be responsible for the same amount. This ratio would apply even if a loss were only $5,000. Then the insurance company would pay $2,500 and the balance or co insurance penaltyLiability limit on a fidelity or surety bond. More of $2,500 would be borne by the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More.