Difference between revisions of "Coinsurance"
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(Created page with "Coinsurance <ref name="term_101832" /> <p> (n.) Insurance jointly with another or others; specif., that system of fire insurance in which the insurer is treated as insuring h...") |
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Coinsurance <ref name="term_101832" /> | |||
<p> (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. </p> | Coinsurance <ref name="term_101832" /> | ||
==References == | <p> (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. </p> | ||
== References == | |||
<references> | <references> | ||
<ref name="term_101832"> [https://bibleportal.com/dictionary/webster-s-dictionary/coinsurance Coinsurance from Webster's Dictionary]</ref> | <ref name="term_101832"> [https://bibleportal.com/dictionary/webster-s-dictionary/coinsurance Coinsurance from Webster's Dictionary]</ref> | ||
</references> | </references> | ||
Latest revision as of 01:58, 13 October 2021
Coinsurance [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.
