Word forms: (present) coinsures, (past) coinsured, (perfect) coinsured, (progressive) coinsuring
verb (Insurance: Reinsurance) If you coinsure property, you insure it jointly with another person or company. ⇒ $6 million worth of real assets had been discovered, which was enough to pay back the four companies which had coinsured the fraudulent policies. ⇒ The insurance covers the policyholder, as well as coinsured persons, in the event that damage is suffered in connection with ownership or use of the yacht. ⇒ If you coinsure property, you insure it jointly with another person or company.
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