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/ˌkoʊ ɪnˈʃʊər əns, -ˈʃɜr-/
underwritten jointly with another or others.
a form of property insurance in which an insurer assumes liability only for that proportion of a loss which the amount of insurance bears to a specified percentage of the value of the property.
a form of health insurance in which the insured party contributes a specified percentage of the total cost of medical expenses after a deductible has been reached.
the percentage contributed by the insured party:
My coinsurance is 20%.
Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for
a method of insurance by which property is insured for a certain percentage of its value by a commercial insurance policy while the owner assumes liability for the remainder
joint insurance held by two or more persons
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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