What does coinsurance mean?
Definitions for coinsurance
ˌkoʊ ɪnˈʃʊər əns, -ˈʃɜr-coin·sur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word coinsurance.
Princeton's WordNet
coinsurancenoun
insurance issued jointly by two or more underwriters
Wiktionary
coinsurancenoun
The joint assumption of risk between the insurer and the insured party.
coinsurancenoun
The joint assumption of risk between multiple insurers.
Wikipedia
coinsurance
In insurance, co-insurance or coinsurance is the splitting or spreading of risk among multiple parties.
ChatGPT
coinsurance
Coinsurance is a type of insurance policy where the insured party is required to pay a certain percentage of the covered costs after the deductible has been paid. This sharing of cost burdens between the insurance company and the insured is aimed at reducing the risk of high costs from long term claims. The percentage split and the terms of payment are usually outlined in the insurance contract.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of coinsurance in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of coinsurance in Pythagorean Numerology is: 5
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Translations for coinsurance
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"coinsurance." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/coinsurance>.
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