Description : As a storekeeper, I think about the insurance policy for bullshit. Can someone please write to me as a freshman what is participation? I do not get it. For example, if I have a co-payment of 10,000, does that mean that if I do damage, I pay the 10,000?
Last Answer : Co-participation is an amount that the insurance company does not pay for any damage (it pays the damage minus the co-participation). So - if the co-participation is 10,000, - and the damage is lower, the insurance ... of the co-participation will not be 10,000, -, but 200,000, - (just 1%). ;-)