coinsurance

co·in·sur·ance  (kn-shrns)

n.

1. Insurance held jointly by two or more insurers.

2. A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.

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coinsurance [ˌkəʊɪnˈʃʊərəns -ˈʃɔː-]

n

1. (Business / Insurance) 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

2. (Business / Insurance) joint insurance held by two or more persons

Thesaurus

Noun

1.

coinsurance - insurance issued jointly by two or more underwriters insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

Translations

coinsurance [ˌkəʊɪnˈʃʊərəns] N → coaseguro m, seguro m copartícipe