Coinsurance

Business, Legal & Accounting Glossary

Definition: Coinsurance


Quick Summary of Coinsurance


insurance issued jointly by two or more underwriters




What is the dictionary definition of Coinsurance?

Dictionary Definition


n. an insurance policy in which the insurance company insures only a partial value of the property owned by the insured owner. Essentially the owner and the insurance company share the risk.

1. The joint assumption of risk between the insurer and the insured party.
2. The joint assumption of risk between multiple insurers.

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/
Modern Language Association (MLA):
Coinsurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 19, 2021 https://payrollheaven.com/define/coinsurance/.
Chicago Manual of Style (CMS):
Coinsurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/coinsurance/ (accessed: September 19, 2021).
American Psychological Association (APA):
Coinsurance. PayrollHeaven.com. Retrieved September 19, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/coinsurance/

Definition Sources


Definitions for Coinsurance 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: 27th April, 2020 | 1 Views.