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Contingent Insurance


An insurance coverage (a policy) that is contingent on the absence or unavailability of other insurance. In other words, the contingent policy will not become effective if , or as long as, the underlying, insurable risk is already covered under another policy.

Contingent insurance includes an escape-type “other insurance” provision stating that it shall not be in effect if there is another policy providing coverage.



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Insurance revolves around risk reduction or mitigation through transferring the risks of individuals and firms to an insurance company. Insurers take on the risk and ...
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