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The Collaborative International Dictionary
Coinsurance

Coinsurance \Co`in*sur"ance\, n. [Co- + insurance.] Insurance jointly with another or others; specif., that system of fire insurance in which the insurer is treated as insuring himself to the extent of that part of the risk not covered by his policy, so that any loss is apportioned between him and the insurance company on the principle of average, as in marine insurance or between other insurers.

Wiktionary
coinsurance

alt. 1 (context US English) The joint assumption of risk between the insurer and the insured party. 2 (context international English) The joint assumption of risk between multiple insurers. n. 1 (context US English) The joint assumption of risk between the insurer and the insured party. 2 (context international English) The joint assumption of risk between multiple insurers.

WordNet
coinsurance

n. insurance issued jointly by two or more underwriters

Usage examples of "coinsurance".

Well, the way it works here is that the coinsurance comes in on the twenty-first day, after twenty days, and Medicare covers everything through day one hundred above ninety-five dollars and fifty cents a day, which is what you have to cover.