Define coinsurance. coinsurance synonyms, coinsurance pronunciation, coinsurance translation, English dictionary definition of coinsurance. n. 1. Insurance held jointly by two or more insurers. 2. A form of insurance in which a person insures property fo
On this page, you'll find the legal definition and meaning ofCoinsurance, written in plain English, along with examples of how it is used. What is Coinsurance? It is a clause in an insurance policy in which the insurance company and the insured agree to bear the losses according to a fi...
coinsurance clause.A definition of the term "coinsurance clause," which refers to a clause penalizing the insured if the amount insured for is less than a pre-agreed specified percentage of the value of the property, is presented.EBSCO_bspIcsc Dictionary of Shopping Center Terms...
If the building had been insured to the amount required by the coinsurance clause (in this case, 80%), the coinsurance calculation would look like this: Building Value: $1,000,000Coinsurance Requirement: 80%Required Amount of Insurance: $800,000Actual Amount of Insurance: $800,000Amount of...
Coinsurance clauses are found in many insurance policies, such as commercial property, dwelling forms, homeowners, federal flood, health insurance, and at times even directors and officers liability policies. But, while the clause or requirement is called "coinsurance" in each type of policy, the...
Athlete Agreementmeans the agreement that must be completed by any Athlete wishing to be considered for nomination and selection to the Games Team in accordance with clause8.4 of the NZOC Nomination and Selection Regulation. Investment Agreementsor “Flow-Through Agreements” means written agreements pu...