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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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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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