coinsurance definition

  • noun:
    • Insurance held jointly by a couple of insurers.
    • a kind of insurance coverage in which people insures home at under its full value and agrees is responsible for the difference.
    • The shared assumption of danger amongst the insurer as well as the insured party.
    • The shared assumption of danger between several insurers.
    • Insurance jointly with another or other individuals; specif., that system of fire insurance where the insurer is treated as guaranteeing himself towards degree of the the main danger maybe not covered by his plan, so any reduction is apportioned between him and insurance carrier regarding principle of average, like in marine insurance coverage or between various other insurers.
    • See insurance.
    • insurance coverage granted jointly by several underwriters
    • Insurance presented jointly by two or more insurers.
    • A form of insurance coverage for which one insures residential property at under its full-value and agrees to-be responsible for the real difference.
    • The combined assumption of risk involving the insurer and the insured party.
    • The joint presumption of danger between multiple insurers.
    • Insurance jointly with another or other people; specif., that system of fire insurance coverage in which the insurer is addressed as insuring himself to the extent of this part of the risk maybe not included in their plan, so any reduction is apportioned between him together with insurance carrier on principle of average, like in marine insurance coverage or between various other insurers.
    • See insurance.
    • insurance coverage granted jointly by a couple of underwriters

Related Sources

  • Definition for "coinsurance"
    • Insurance held jointly by a couple of insurers.
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  • Sentence for "coinsurance"
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  • Phrases for "coinsurance"
  • Rhyme for "coinsurance"
  • Hypernym for "coinsurance"
  • Cross Reference for "coinsurance"
  • Same Context for "coinsurance"
  • Medical Dictionary for "coinsurance"
    • A provision where the insured individual…
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