Coinsurance Synonyms & Definitions

Synonyms are words that have the same or almost the same meaning and the definition is the detailed explanation of the word. This page will help you out finding the Definition & Synonyms of hundreds of words mentioned on this page. Check out the page and learn more about the English vocabulary.

• CoinsuranceDefinition & Meaning in English

1. (n.) 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.