Coinsurance

{
  "id": "MLC-T-LAW-001046",
  "term": "Coinsurance",
  "field": "Law",
  "definition": "A provision in an insurance policy that requires the policyholder to pay a percentage of the covered costs after the deductible has been met. This mechanism shares the financial risk between the insurer and the insured. For example, a policy might specify 80/20 coinsurance, meaning the insurer pays 80% and the insured pays 20%.",
  "url": "https://mlchart.com/terminology/law/coinsurance/"
}