other insurance clause

Definition

Provision included in almost every type of insurance policy (except life insurance) that if more than one policy covers the same risk (under the same conditions) each will pay a share of the loss proportional to the policy's insured amount. See also overlapping insurance.


other insurance clause is...

... in the General, Marine, & Life Insurance subject.

Nearby Terms

Search volume for other insurance clause

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z