# Property & Casualty Exam Prep 7, Deductibles, Limits, and Coinsurance

Page: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-7-deductibles-limits-and-coinsurance
Text version: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-7-deductibles-limits-and-coinsurance.md
Podcast: [Insurance Exam Prep](https://stenobird.com/podcast/insurance-exam-prep-7644557)
Published: 2026-06-09T23:26:01+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/d0da649d-f19c-4013-b7e2-860253fb4303.mp3
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JSON: https://stenobird.com/v1/public/podcasts/insurance-exam-prep-7644557/episodes/property-casualty-exam-prep-7-deductibles-limits-and-coinsurance
Duration seconds: 261

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The difference between a per-occurrence limit, which caps a single event, and an aggregate limit, which caps total payments for the policy period. - How sublimits impose lower, specific caps on high-risk property like jewelry, regardless of the overall policy limit. - The purpose of a coinsurance clause is to encourage policyholders to insure their property to an adequate value, typically 80%. - The coinsurance penalty formula: (Insurance Carried ÷ Insurance Required) × Amount of Loss = Insurer's Payment (before deductible). - A critical exam trap is to always subtract the deductible *after* applying any coinsurance penalty, not before. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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