A clause that details what will be done if another insurance contract covers the same property. This clause is found in most insurance policies, aside from life and health insurance.
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States the way a loss will be shared when more than one property or liability policy covers the exposure.
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When two or more policies cover the same interests for the same exposures, each policy is said to represent other insurance to the other. Most insurance policies contain clauses that specify how or if claims will be paid if other insurance exists for the same exposures.