Question: what does 80 coinsurance mean for an insurance policy?
Answer: An eighty- percent co-pay (or coinsurance) clause in health insurance means the insurance company pays 80% of the bill. A $1,000 doctor's bill would be paid at 80%, or $800. ... A building with a value of $1,000,000 and a policy with an 80% coinsurance clause must be insured for at least $800,000.