Other Insurance Definition:
Other Insurance refers to Other insurances relate to situations where multiple insurers cover the same asset. Apart from life insurance, there are many types of insurance policies. Other insurance clauses often state that the insured concerned will pay part of the claim with another insured.
If two or more policies cover the same interest rate for the same interest rate, each policy is considered a separate insurance for the others. Most insurance policies contain a clause stating how the claim is paid when there is another insured with the same exposure.
Literal Meanings of Other Insurance
Meanings of Other:
It refers to something different or different from what has already been mentioned or known.
A person or thing that is different or different from something already mentioned or known.
Extra or extra person or something like that already mentioned.
Is it different, different or against something or against you.
See or treat as naturally different and alien (an individual or group of people).
Sentences of Other
Attach the camera to a tripod or other device
Another piece of advice
Synonyms of Other
supplemental, more, additional, supplementary, added, extra, further
Meanings of Insurance:
An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.
Sentences of Insurance
Maintaining a high standard of personal conduct is an excellent guarantee against personal problems.
Synonyms of Insurance
shelter, indemnification, preventive measure, safeguard, surety, precaution, security, immunity, defence, provision, protection, financial protection, indemnity, safety measure, cover