Αποτελέσματα Αναζήτησης
Primary Insurance refers to the first layer of insurance coverage that is used in the event of a claim, where multiple insurance policies cover the same loss. This type of insurance takes precedence over any others, meaning it must first exhaust its limits or coverage responsibilities before secondary or tertiary insurers are called upon.
18 Ιουλ 2024 · Property insurance refers to a series of policies that offer property protection, including structural damage, theft of personal belongings, and liability coverage. Property insurance can...
15 Δεκ 2023 · The primary and noncontributory clause is a common provision in insurance contracts, particularly in liability insurance policies. It defines how and to what extent different insurance policies should interact when there are multiple providers covering the same risk or claim.
13 Ιαν 2019 · “Primary (ness)” (as does “noncontributory”) has to do with the priority of payment and only involves a situation where one party, named as an additional insured on the other’s liability insurance policy, also has its own insurance.
A loss where the cost to repair or replace the collateral would exceed the Actual Cash Value, as determined by the Primary Insurance Carrier.
The agent usually has a primary carrier (the insurance company to which most of the business is submitted) and secondary carriers (to which lesser amounts are submitted). The primary carrier provides the agent with commission schedules, expense allowance, and the availability of markets for the agent's business.
