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An appealing feature of Network Function Virtualization (NFV) is that in an NFV-based network, a network function (NF) instance may be placed at any node. On the one hand this offers great flexibility in allocation of redundant instances, but on the other hand it makes the allocation a unique and difficult challenge. One particular concern is that there is inherent correlation among nodes due to the structure of the network, thus requiring special care in this allocation. To this aim, our novel approach, called CoShare, is proposed. Firstly, its design takes into consideration the effect of network structural dependency, which might result in the unavailability of nodes of a network after failure of a node. Secondly, to efficiently make use of resources, CoShare proposes the idea of shared reservation, where multiple flows may be allowed to share the same reserved backup capacity at an NF instance. Furthermore, CoShare factors in the heterogeneity in nodes, NF instances and availability requirements of flows in the design. The results from a number of experiments conducted using realistic network topologies show that the integration of structural dependency allows meeting availability requirements for more flows compared to a baseline approach. Specifically, CoShare is able to meet diverse availability requirements in a resource-efficient manner, requiring, e.g., up to 85% in some studied cases, less resource overbuild than the baseline approach that uses the idea of dedicated reservation commonly adopted for redundancy allocation in NFV.