Common use of Insurance Under More Than One Policy Clause in Contracts

Insurance Under More Than One Policy. If there is other insurance that applies to the loss, we pay our share of the loss. Our share is that part of the loss that the limit of this policy bears to the total amount of insurance that applies to the loss. When a loss is also covered by the master policy of an association or corporation of property owners, this insurance is excess.

Insurance Under More Than One Policy. If there is other insurance that applies to the loss, we pay our share of the loss. Our share is that part of the loss that the limit of this policy bears to the total amount of insurance that applies to the loss. When a loss is also covered by the master policy of an association or corporation of property owners, this insurance is excess.

Insurance Under More Than One Policy. If there is other insurance that applies to the loss, we “we” pay our “our” share of the loss. Our “Our” share is that part of the loss that the limit “limit” of this policy bears to the total amount of insurance that applies to the loss. When a loss is also covered by the master policy of an association or corporation of property owners, this insurance is excess.. PAYMENT OF LOSS OR CLAIM