Definition

Coinsurance clause

Coinsurance clause is a stipulation that a company must insure a minimum (usually 80 percent or more) of a property’s total value before the business will be fully reimbursed for a partial loss.

Share it:  Cite

More from this Section

  • Feed forward control
    Feed forward control prevents problems because it takes place before the actual activity. ...
  • Adjourning stage
    Adjourning stage is the final stage of group development for temporary groups, during ...
  • Bylaws
    Bylaws means internal rules that govern the general operation of a corporation. ...
  • Polycentric attitude
    A polycentric attitude is the view that employees in the host country (the foreign country ...
  • General administrative theory
    General administrative theory is a term that is an approach to management that focuses ...