Meaning Of The Word Coinsurance

Real Dictionary
  1. Real Dictionary
  2. C Words Definitions
  3. Section C-330
  4. Coinsurance

What's the definition of Coinsurance? Find Coinsurance meanings, definitions and more at the Real Dictionary online.

Coinsurance Meaning

Coinsurance Definition
Coinsurance Definition

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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