Ballentine's law dictionary. Anderson, W.S.. 1998.
coinsurance clause — Provision in insurance policy requiring property owner to carry insurance up to an amount determined in accordance with the provisions of the policy … Black's law dictionary
coinsurance clause — Provision in insurance policy requiring property owner to carry insurance up to an amount determined in accordance with the provisions of the policy … Black's law dictionary
Waiver Of Coinsurance Clause — Language in an insurance policy that says the insurance company will not require application of the part of the policy that divides responsibility for an insured loss between the insurance company and the policyholder. The coinsurance clause is… … Investment dictionary
Coinsurance — is an insurance related term that often describes a splitting or spreading of risk among multiple parties.In the United StatesIn the US insurance market, coinsurance refers to the joint assumption of risk between the insurer and the insured. In… … Wikipedia
coinsurance — A relative division of risk between the insurer and the insured, dependent upon the relative amount of the policy and the actual value of the property insured, and taking effect only when the actual loss is partial and less than the amount of the … Black's law dictionary
coinsurance — A relative division of risk between the insurer and the insured, dependent upon the relative amount of the policy and the actual value of the property insured, and taking effect only when the actual loss is partial and less than the amount of the … Black's law dictionary
coinsurance — Literally, two or more policies of insurance issued by different insurers covering the same risk; in modern insurance parlance, a relative division of the risk between insurer and the insured, dependent upon the relative amount of the policy and… … Ballentine's law dictionary
coinsurance — A provision in an insurance policy that requires the insured to carry an amount of insurance equal to a certain specified percentage of the value of the insured property. The coinsurance provision, or clause, provides for full payment of losses… … Financial and business terms
Agreed Amount Clause — A property insurance provision in which the insurer agrees to waive the co insurance requirement. To obtain an agreed amount clause, insurers require a statement of property values signed by the insured as a condition of activating or including… … Investment dictionary
average clause — A clause in a blanket fire insurance policy providing that in case of loss the policy shall attach on each building in such proportion as the value of each building bears to the aggregate value of the entire property insured. Such provision is in … Ballentine's law dictionary
