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

  1. coinsurancenoun

    insurance issued jointly by two or more underwriters

Wiktionary

  1. coinsurancenoun

    The joint assumption of risk between the insurer and the insured party.

  2. coinsurancenoun

    The joint assumption of risk between multiple insurers.

Wikipedia

  1. coinsurance

    In insurance, co-insurance or coinsurance is the splitting or spreading of risk among multiple parties.

ChatGPT

  1. 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

How to pronounce coinsurance?

How to say coinsurance in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of coinsurance in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of coinsurance in Pythagorean Numerology is: 5

Popularity rank by frequency of use

coinsurance#10000#51416#100000

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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