There have been some events during the course of the history of the insurance entities somewhat difficult to ensure, a clear example of this are aviation or accidents of trains, therefore the invention of innovative processes as coinsurance have allowed these entities despite the greatness of the event to achieve people provide security for which they were created these entities. Co-insurance is a contract whereby several insurance companies decide somehow to join or associate with the purpose of achieving secure big events such as the above mentioned, this is done in order to minimize costs by the insurer because on certain occasions insured economic values beyond the valued by insurance. In the co-insurance person or insured entity possesses the ability to choose who can make it, and in that sense, more clearly each person can choose insurance company cares for every part of its assets; It is proper to mention that in this process of assurance as they can intercede two insurers also may have up to eight and if needed more. It is very important to say that there is another important activity called reinsurance, which is defined as the method by which an insurance company decides to cede part of their risks valued in order to decrease its loss at the hands of co-insurance. The coasegurado contract parties decide individually which percentage of the risk want to cover, this happens since some insurance companies have higher percentages to be filled in any eventuality, although usually this sharing is 50/50, however the total percentage can be distributed in the desired manner between the parties involved in this contract. It is good to clarify that although the sharing of the risk is made by each insurer, this not is carried out if the customer disagrees with this distribution.
Today thanks to the great utility that provides this type of insurance contracts they may possess some types of coinsurance that offer different virtues; some of these types are: direct coinsurance: this is the contract whereby the primary insurance entity (starter) Decides to transfer some risks to other insurance entities; This whole process is always to inform the insured. Internal coinsurance: this is the contract whereby the primary entity yields some risks to other entities internally, without informing the insured. It is good to clarify that in the case of any sinister entity be liable for insurance as if it were a single. Tax coinsurance: this contract of coinsurance is the insured is the person who decides to that entity or entities should be delegated the percentages to take care in case of an accident and at the same time can accept or reject proposals made by these entities. Given the above is demonstrated that coinsurance are displayed before us as an excellent way of ensuring goods and especially if they have a high economic value; so there is no excuse whatsoever for not caring for our capital if there is currently so simple but useful as co-insurance contracts. Original author and source of the article