How Coinsurance Penalties Can Cost You Thousands

Lucas and Luna break down the coinsurance clause in property insurance — a little-known rule that can slash your claim payout if you underinsure your home or business. Using the example of a $400,000 house insured for only $300,000, they explain the 80% rule, how the penalty formula works, and why getting an accurate replacement-cost estimate matters more than chasing a lower premium. They also share tips on how to avoid the coinsurance trap when renovating or buying a new policy. Plus, a brief reflection on why keeping this show ad-free depends on listener support at buy me a coffee dot com slash fexingo. #Coinsurance #PropertyInsurance #HomeownersInsurance #InsurancePenalty #Underinsurance #ReplacementCost #80PercentRule #ClaimPayout #InsurancePolicy #RiskManagement #FinancialLiteracy #PersonalFinance #BusinessInsurance #InsuranceTips #FexingoBusiness #BusinessPodcast #InsuranceEducation #FinancePodcast Keep every episode free: buymeacoffee.com/fexingo