coinsurance

 [koh-in-shoor-uhns, -shur-]  

co·in·sur·ance

   [koh-in-shoor-uhns, -shur-]
noun
1.
insurance underwritten jointly with another or others.
2.
a form of property insurance in which an insurer assumes liability only for that proportion of a loss which the amount of insurance bears to a specified percentage of the value of the property.
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Origin:
1885–90; co- + insurance
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Coinsurance is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
the offspring of a zebra and a donkey.
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Collins
World English Dictionary
coinsurance (ˌkəʊɪnˈʃʊərəns, -ˈʃɔː-)
 
—n
1.  a method of insurance by which property is insured for a certain percentage of its value by a commercial insurance policy while the owner assumes liability for the remainder
2.  joint insurance held by two or more persons

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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