Question

If you have two insurance policies on the same property, the ____ clause explains how the two insurance companies will share the loss. a. companies' insurable interest. b. principle of subrogation. c. principle of indemnity. d. coinsurance clause. e. other insurance clause.

Answer 1

Answer:

e. other insurance clause.

Explanation:

The other insurance clause is found in both property and liability insurance. This clause determines how loss is divided up when multiple policies cover the same loss.