What does Coinsurer mean? Read on to discover the definition & meaning of the term Coinsurer - to help you better understand the language used in insurance policies.
One that shares the loss sustained under an insurance policy. Usually refers to an insured property owner that fails to purchase enough insurance to comply with the coinsurance provision and that, therefore, suffers part of the loss itself.
We hope the you have a better understanding of the meaning of Coinsurer.