What Does Your Policy State Regarding: Concurrent Damages & Concurrent Policies?

Originally published by Julitza Perez.

Concurrent is defined as: “Having the same authority; acting in conjunction; agreeing in the same act; contributing to the same event; contemporaneous.”1 Now, within the insurance universe, conflict may exist when an insurer has concurrent damages and/or concurrent policies. For example, policies may include an exclusion clause such as: EXCLUSIONS 1. We will not pay… Continue Reading

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