coinsured
Sharing policy coverage
Coinsured describes a person or entity covered under an insurance policy alongside the primary policyholder.
A coinsured party shares the protection of the policy without being the main insured: The landlord required tenants to add them as coinsured on the renter's policy.
The term appears frequently in liability and property insurance contexts.
Added cost for better
- deductibleOut-of-pocket threshold amount
- claimStatement of ownership or truth
- benefitsGains or helpful effects
- liabilityLegal or financial obligation
compensation · reimbursement · indemnity · exclusion · endorsement · subrogation · catastrophe · casualty
One who assumes financial risk
- actuaryFinancial risk analyst
- adjusterOne who calibrates
- underwritingRisk evaluation and acceptance
- actuarialOf risk calculation
Shared between parties
- collectiveJointly organized group
- jointShared by multiple parties
- cooperativeJointly operated enterprise
- combinedMerged into one
pooled · collaborative · concurrent · reciprocal · interdependent · proportional · split · divided
Formally surrendering territory or rights
- retrocessionReturn of ceded territory
- treatyBinding pact between nations
- facultativeCapable but not obligated
- assumingAccepting as true unverified
premium
Added cost for better
- deductibleOut-of-pocket threshold amount
- claimStatement of ownership or truth
- benefitsGains or helpful effects
liability · compensation · reimbursement · indemnity · exclusion · endorsement · subrogation · catastrophe · casualty · renewal
underwriter
One who assumes financial risk
- actuaryFinancial risk analyst
- adjusterOne who calibrates
- underwritingRisk evaluation and acceptance
actuarial · broker · claimant · beneficiary · policyholder
mutual
Shared between parties
- collectiveJointly organized group
- jointShared by multiple parties
- cooperativeJointly operated enterprise
combined · pooled · collaborative · concurrent · reciprocal · interdependent · proportional · split · divided · apportioned
ceding
Formally surrendering territory or rights
- retrocessionReturn of ceded territory
- treatyBinding pact between nations
- facultativeCapable but not obligated