Definitions of "coinsurance"
  1. The shared risk between two entities, such as underwriters
  2. A type of insurance, like fire insurance, where the person insured must uphold coverage at a certain percentage of the total value; if there's a loss, they face a penalty related to the shortage
How to use "coinsurance" in a sentence
  1. In the agreement, the coinsurance provision highlighted the risk-sharing responsibilities of both parties.
  2. The insurance contract stated that if the coinsurance conditions were not met, the policyholder would face significant penalties.
  3. A coinsurance clause in their home insurance policy obligated them to maintain coverage of at least 80% of their home's total value.

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