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Simple English definitions for legal terms

other-insurance clause

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A quick definition of other-insurance clause:

An other-insurance clause is a part of an insurance policy that says if the person being insured has coverage from another insurance policy for the same loss, the coverage from the first policy will be limited. There are three types of other-insurance clauses: pro rata, excess, and escape.

A more thorough explanation:

An other-insurance clause is a provision in an insurance policy that limits coverage if the insured has other coverage for the same loss. There are three major types of other-insurance clauses:

  • Pro rata clause: This clause states that the insurance company will only pay a proportionate amount of the loss based on the amount of insurance the insured has with their policy compared to the total amount of insurance they have with all policies covering the same loss.
  • Excess clause: This clause states that the insurance company will only pay if the other insurance policies covering the same loss have been exhausted.
  • Escape clause: This clause states that the insurance company will not pay if there is any other insurance policy covering the same loss, regardless of whether that policy pays or not.

For example, let's say you have two car insurance policies, each with a $10,000 limit for collision coverage. If you get into an accident and the damage to your car is $15,000, the pro rata clause would require each insurance company to pay $7,500 (half of the total loss) since you have equal coverage with both policies. The excess clause would require one policy to pay the full $10,000 before the other policy pays anything. The escape clause would mean that neither policy would pay anything since you have other insurance covering the same loss.

These clauses are important to understand because they can affect how much coverage you have and how much you will be reimbursed in the event of a loss.

other income | other-property rule

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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