Thesaurus: coinsurance

Related headwords

Definitions

1. n. insurance issued jointly by two or more underwriters
2. Insurance jointly with another or others; specif., that system of fire insurance in which the insurer is treated as insuring himself to the extent of that part of the risk not covered by his policy, so that any loss is apportioned between him and the insurance company on the principle of average, as in marine insurance or between other insurers.
3. Insurance jointly with another or others; specif., that systemof fire insurance in which the insurer is treated as insuring himselfto the extent of that part of the risk not covered by his policy, sothat any loss is apportioned between him and the insurance company onthe principle of average, as in marine insurance or between otherinsurers.
4. n. insurance issued jointly by two or more underwriters