Other insurance clause

Other insurance clause,

Definition of Other insurance clause:

  1. 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 policys insured amount. See also overlapping insurance.

Meaning of Other insurance clause & Other insurance clause Definition

Other Insurance Clause,

Other Insurance Clause Definition:

  • You can define Other Insurance Clause as, Provide property and accident insurance that distributes losses between insurers when multiple policies have the same loss. These conditions vary: some policies do not provide coverage when certain insurance is available, some pay a professional contribution, and others apply shortcomings. They are involved in complying with the principle of compensation, which states that the insured should not benefit from insured claims.

  • Definition of Other Insurance Clause: Other insurance clauses are the provisions of the insurance contract that specify the amount of coverage offered by the policy, if the insured has other policies that cover the same risks. Depending on the clause, the insured may distribute coverage or the policy may suffice.

  • (Loss Insurance): The condition that if the policyholder has more than one policy, the policy will contribute to the loss (usually proportional). This concept applies to property, accident and health insurance, but not life insurance. Coinage insurance prevents insurers from taking advantage of litigation against various policies.

  • (Health Insurance): Other health insurance clauses allow the insurance company to pay only (proportional) portion of the claim at a time if the policyholder has more than one health insurance policy claim.

Literal Meanings of Other Insurance Clause

Other:

Meanings of Other:
  1. View or treat (an individual or group of people) as something different and alien to them.

  2. A person or thing that is different or different from what has already been mentioned or known.

  3. An extra person or something like that already mentioned.

  4. Is it different, different or against something or against you.

  5. Identify someone or something different or different from already mentioned or famous.

Sentences of Other
  1. Attach the camera to a tripod or other device

  2. Another piece of advice

Synonyms of Other

supplementary, additional, further, more, extra, added, supplemental

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for some loss, injury, illness or death in return for payment of a premium.

  2. Something to protect against possible emergencies.

Sentences of Insurance
  1. Many new lenders sign unemployment or health insurance

Synonyms of Insurance

surety, safety measure, financial protection, cover, safeguard, preventive measure, shelter, indemnification, protection, defence, provision, immunity, indemnity, security, precaution

Clause:

Meanings of Clause:
  1. Organizational grammatical unit right away. The line below the sentence and in traditional grammar, consists of an article and a prediction.

  2. Specific and separate articles, agreements, rules or terms and conditions of agreements.

Sentences of Clause
  1. Of the above sentences, two sentences are connected by a series of sentences without any structure.

  2. Contracts usually have a legal preference clause that defines applicable law.

Synonyms of Clause

wording, clause, idiom, heading, note, phrasal verb, subsection, idiomatic expression, set phrase, phrasal idiom, group of words, article, section, construction, item, part, passage, locution, point, word group, term, turn of phrase, paragraph, expression

Other Insurance Clause,

What is Other Insurance Clause?

  1. Policy provisions that describe the application of these methods in the event of a claim if (or when) the second existing insurance applies.

Other Insurance Clause,

What Does Other Insurance Clause Mean?

  1. There is a provision in property and loss insurance that if the insurers must share the losses, if more than one policy covers the same loss. These terms vary: some policies are not covered when other policies apply, some shareholders pay, and some deductions apply. They are included in compliance with the principle of compensation, which states that the insured should not benefit from the insured loss.

  2. Another insurance clause is a clause in the insurance contract that specifies what coverage the policy will provide if the policyholder has another policy that covers the same risk. Depending on the clause, insurers may share insurance coverage or one policy may suffice.

  3. (Basic Lines Insurance): The ability for the insured to bear the loss in case of multiple policies (usually proportional). This conceptual application applies to property, accident and health insurance, but it does not apply to life insurance. Coin insurance prevents the policyholder from surviving by filing a single claim and multiple policies.

Literal Meanings of Other Insurance Clause

Other:

Meanings of Other:
  1. Nominate someone or something different or something that is mentioned or known.

  2. Someone or something is different or different from what is mentioned or known.

  3. Used precisely to indicate gender.

  4. Is it different, different or the opposite of something or by itself.

  5. Seeing or treating (a person or a group of people) is naturally different and foreign to them.

Sentences of Other
  1. A language that is irrelevant to others.

  2. He is the author of five books and has worked on three more.

  3. A little bit of each other

  4. He must avoid another oppression.

  5. Criticism of how society changes parents

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Many new borrowers buy unemployment insurance or health insurance.

  2. Jacket hanging on the back of the chair, air conditioning protected against ■■■■■.

Synonyms of Insurance

assurance, (financial) protection, backstop, warranty, guarantee

Clause:

Meanings of Clause:
  1. The grammatical organization unit, which is located just below the sentence in the line and should have a prediction in a subject and traditional grammar.

  2. A definite and separate clause, agreement, law or term or condition of agreement.

Synonyms of Clause

rider, requirement, stipulation, proviso, condition, specification

Other Insurance Clause,

What is The Definition of Other Insurance Clause?

Other Insurance Clause

Other Insurance Clause means, The condition in property and loss insurance is that if multiple policies cover the same loss, the loss must be shared between the insurers. These conditions vary: when other policies apply, some policies do not cover it, some pay a fixed share, and some apply deductions. They are included to comply with the principle of compensation, which states that the insured should not benefit from the insured loss.

Other Insurance Clause can be defined as, (Property and Accident Insurance) - The condition that if the insured has more than one policy, the policy will cover the loss (usually in proportion). This conceptual application applies to property, accident and health insurance, but does not apply to life insurance. Joint insurance prevents the insured from surviving by filing a single claim and multiple policies.

Other Insurance Clause means, (Health Insurance): Other health insurance terms allow the insurer to pay only a partial (proportional) loss at a time if the policyholder has multiple health insurances to cover the loss.

Other Insurance Clause means, Policy terms that describe the procedure for processing a claim if (or when) other existing insurance applies.

Literal Meanings of Other Insurance Clause

Other:

Meanings of Other:
  1. Nominating someone or something different or different from what has been mentioned or known.

  2. Someone or something different or different from what was mentioned or known.

  3. Used subtly to indicate gender.

  4. Different, different or contradictory to something or itself.

  5. Seeing or behaving (a person or group of people) is inherently different and alien to oneself.

Sentences of Other
  1. A language that has nothing to do with others.

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in exchange for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. Jacket hanging behind the seat, protected from air conditioning

Clause:

Meanings of Clause:
  1. The organizational unit of grammar, located just below the sentence in the line and in traditional grammar, must contain an article and a prediction.

  2. Articles, terms or conditions that are set out and separate from an agreement, law or agreement.