Meaning Of The Word Coinsurance
What's the definition of Coinsurance? Find Coinsurance meanings, definitions and more at the Real Dictionary online.
Coinsurance Meaning
| Coinsurance Definition |
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What's The Definition Of Coinsurance?
coinsurance in American English
a form of property insurance in which the insured shares in losses proportionately to the extent that the amount of insurance falls short of a specified percentage of the value of the insured property noun: insurance underwritten jointly with another or others coinsurance in British English noun: a method of insurance by which property is insured for a certain percentage of its value by a commercial insurance policy while the owner assumes liability for the remainder coinsurance in Insurance noun: Coinsurance is a method of insurance by which property is insured for a percentage of its value by a commercial insurance policy while the owner has liability for the remainder. |
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