Prior Policies Sample Clauses

The "Prior Policies" clause defines how insurance coverage or obligations are affected by policies that were in place before the current agreement. Typically, this clause clarifies whether claims or incidents that occurred under previous insurance policies are covered by the current policy, or if the current policy is only responsible for events happening during its own term. For example, it may specify that only losses not covered by prior policies will be considered, or it may outline how overlapping coverage is handled. The core function of this clause is to prevent gaps or duplications in coverage, ensuring that both parties understand the extent of protection and responsibility across successive insurance periods.