In insurance, co-insurance or coinsurance is the splitting or spreading of risk among multiple parties.
70–30, 80–20, and 90–10 insurer-insured co-insurance schemes are common, with stop loss limits of $1,000 to $3,000 after which the insurer covers all expenses.
The penalty is based on a percentage stated within the policy and the amount underreported.
[5] Owner's title insurance policy forms of the American Land Title Association created between 1987 and late 2006, contain co-insurance clauses.
[7] In business income interruption insurance, a type of time-element insurance,[8] the co-insurance percent indicates how long the coverage will last, and can range from 50% to 125%.