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Home > Terms > English, UK (UE) > Coinsurance
Coinsurance
A provision of an insurance policy that provides that the insurance company and the insured will apportion between them any loss covered by the policy according to a fixed percentage of the value for which the property, or the person, is insured.
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- Part of Speech: Other
- Synonym(s):
- Blossary:
- Industry/Domain: Insurance
- Category: Commercial insurance
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