Insurance 101 – Chapter 2 – Volume 2 – More on Other Insurance Clauses

More on Other Insurance Clauses

Pro rata clauses usually provide that if other insurance exists, the insurer will pay its pro rata share of the loss. Payment is usually made in the proportion that its policy limit bears to the aggregate limit of all other valid and collectible insurance.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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