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. — Also termed contribution clause. [Cases: In-surance 2170. C.J.S. Insurance § 1110.]

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词条贡献者

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。