An insurance policy provision that specifies how a property loss will be settled if more than one property insurance policy covers the loss is the
A)insuring agreement provision.
B)loss settlement provision.
C)other insurance provision.
D)coinsurance provision.

Question

Quizplus · Accepted Answer

The "other insurance provision" specifies how a property loss will be settled if more than one property insurance policy covers the loss. This provision is used to determine which policy will be the primary insurer and which will be the secondary insurer. It can also specify the order in which the policies will be used to cover the loss.

An Insurance Policy Provision That Specifies How a Property Loss