Which of the following statements best describes the Other Insurance condition on a standard property insurance policy, when two separate property policies provide coverage for the same loss?

Which of the following statements best describes the Other Insurance condition on a standard property insurance policy, when two separate property policies provide coverage for the same loss?



a. Neither policy will make payment for the loss


b. Each policy pays an equal share


c. One policy pays up to its limits and the other policy pays the balance


d. Each policy pays its pro rata share of the loss



Answer: d. Each policy pays its pro rata share of the loss

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