Skip to main content
Glite Dictionary
to coinsure

to coinsure

1 9.9
Share an insurance policy with other companies and split the risk
  • verb
  • /ˈkɔɪnʃʊr/
  • Specialized
: coasegurar
  • The banks agreed to coinsure the property against natural disasters.

Examples

  • The companies coinsure on this policy.

  • Don't coinsure without reading the policy!

  • After a risk assessment, the firms were willing to coinsure the investment project.

  • Several companies decided to coinsure the new high-risk policy together.

  • The two companies decided to coinsure the property to minimize the risk for both parties.

  • As more insurers joined the group, they agreed to coinsure the health policy collectively.

  • By choosing to coinsure, the insurers were able to share both the risks and the benefits of the policy.

Synonyms

to insure
vsto coinsure
43 3.5

To pay a company so it will cover your losses

participate as one of several parties that share the same policy risk

Surface Forms

coinsure infinitive
coinsured past
coinsured past participle
coinsuring present participle
coinsures third person singular

Morphology

coinsure = insure (transparent) = co + insure

Productive prefix 'co-' meaning 'together' combines with the verb 'insure' to mean 'to insure jointly', a meaning easily inferred by learners.

Etymology

Coinsure combines co- meaning 'together' and insure meaning 'to protect by insurance'. So coinsure means 'to insure together', or to share the risk of a policy with other insurers.