COINSURANCE CLAUSE

COINSURANCE CLAUSE

coinsurance clause. A provision in an insurance policy requiring a property owner to carry separate insurance up to an amount stated in the policy to qualify for full coverage. ¡ª Also termed contribution clause. [Cases: In-surance 2170. C.J.S. Insurance ¡ì 1110.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.