> Imagine your car gets totaled. Your insurer says "Hey, we're going to pay out $25K for your vehicle. So you have a $1,000 deductible, so that's $24,000, and then your copay for a total loss is $2,000, and for total losses, your coinsurance as your contributions for your vehicle coverage is 20% which is $5,000 so here's a check for $19,000."

Err, $17,000...