Multiple Insurers

2 Posts
1 Sections
1 Types

October 16, 2023 5 min read Definitions

Limit of Liability Rule in Property Insurance: Understanding Apportionment of Loss

Insurance Risk Management Property Insurance Insurance Property Insurance Limit of Liability Risk Management Loss Apportionment Multiple Insurers

Discover how the limit of liability rule in property insurance helps apportion loss among multiple insurers covering the same property, ensuring fair and equitable distribution.

October 4, 2023 4 min read Definitions

Divided Cover in General Insurance: Understanding Multi-Insurer Coverage

Insurance Risk Management Financial Services General Insurance Divided Cover Multiple Insurers Risk Management Insurance Terms

Explore the concept of divided cover in general insurance, where a person or object is insured with more than one insurer. Learn the benefits and implications of this approach.