Coinsurance Penalty

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Coinsurance Penalty

Definition: Coinsurance Penalty

Coinsurance Penalty
Cite Term
Sources

Full Definition of Coinsurance Penalty

A penalty taken out of the figure the policyholder is given by the insurance company for a property loss. This penalty is assessed due to the insurance company failing to carry enough coverage, as detailed in the coinsurance clause.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/coinsurance-penalty/
Modern Language Association (MLA):
Coinsurance Penalty. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/coinsurance-penalty/.
Chicago Manual of Style (CMS):
Coinsurance Penalty. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/coinsurance-penalty/ (accessed: April 23, 2024).
American Psychological Association (APA):
Coinsurance Penalty. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/coinsurance-penalty/

Definition Sources

Definitions for Coinsurance Penalty are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.