Covered by coinsurance; jointly insured by multiple parties or under a coinsurance arrangement.
From coinsure (verb) + -ed (past participle/adjectival suffix). Describes the state of being covered under a coinsurance agreement.
Once you sign up for a coinsurance plan, you're officially 'coinsured'—both you and the insurance company are now sharing the financial risk if something bad happens.
Complete word intelligence in one call. Free tier — 50 lookups/day.