knock-for-knock agreement

noun

An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).

Similar
knock-for-knock clauseknock-for-knock contract
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Meanings

nounknock-for-knock agreement (plural knock-for-knock agreements)

plural knock-for-knock agreements

  1. An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).

    Synonyms: knock-for-knock clause, knock-for-knock contract

Synonyms & antonyms

nounAn arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).

Similar
knock-for-knock clauseknock-for-knock contract
Cite this entry
APA

knock-for-knock agreement. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/knock-for-knock%20agreement

MLA

“knock-for-knock agreement.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/knock-for-knock%20agreement. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “knock-for-knock agreement,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/knock-for-knock%20agreement.

Source: knock-for-knock agreement on Wiktionary, CC BY-SA 4.0.