Sentences with coinsurer
co·in·sur·er
C c - A coinsurer is any insurance provider offering joint coverage for a given property or entity in collaboration with another carrier.If coverage is carried for only $40,000 then the insured is a coinsurer for $40,000 of the $80,000, and the insurance company would be responsible for the same amount.A coinsurer is a person or company whose policy covers the same risk as that of another person or company, and shares the loss.