🔤 Coinsuring ✨

📖

🔊 Play Roman

mushtarka bima karna, sath bima karwana, aik sath bima ki zimmedari lena

🇬🇧

📚verb

coinsuring

🗣️

DEFINITION

sharing the risk or cost of insurance coverage among multiple insurers or between insurer and insured

EXAMPLE SENTENCES

Multiple underwriting companies are coinsuring the multi million dollar infrastructure project. By coinsuring the high value commercial property, the firm significantly reduced its financial risk exposure. The policyholder is coinsuring twenty percent of health expenses above the deductible amount. Insurance groups often collaborate by coinsuring major maritime cargo shipments. Understanding the terms of coinsuring helps policyholders anticipate out of pocket expenses accurately.

🔗

risk sharing co insuring joint underwriting joint insuring

⚡

sole insuring full coverage self insuring