Definition

To provide insurance coverage together with another party, sharing the risk and costs involved.

Example

The two companies decided to coinsure the project to minimize their individual risks.

Tense Forms

Conversation

Have you thought about how we should coinsure our new apartment?

That's a good idea! It could help us save money on insurance.

Yeah, I read that it’s often cheaper to coinsure together.

Exactly! Let’s look into it this weekend.

Synonyms & Antonyms

Root Explanation

This word originates from Old French 'coinsurer', meaning to assure or guarantee jointly. The term combines the idea of sharing assurance or guarantee with another party.

Memory Tip

Think of sharing a guarantee or assurance with someone — that's what 'coinsure' means.

Visually Confused Words