Coinsurance meaning

kōĭn-sho͝orəns
Insurance held jointly by two or more insurers.
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A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.
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A sum of money paid by a patient to a health care provider after a health insurance company has paid a contractual amount for a covered service, usually a fixed percentage of costs. Coinsurance usually applies after an annual deductible has been paid.
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A form of property insurance in which the insured shares in losses proportionately to the extent that the amount of insurance falls short of a specified percentage of the value of the insured property.
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Joint insurance by two or more insurers.
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Insurance held jointly by two or more insurers.
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A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.
noun
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A sum of money paid by a patient to a health care provider after a health insurance company has paid a contractual amount for a covered service, usually a fixed percentage of costs. Coinsurance usually applies after an annual deductible has been paid.
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(US) The joint assumption of risk between the insurer and the insured party.
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(international) The joint assumption of risk between multiple insurers.
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Origin of coinsurance