What is concurrency insurance policy

Concurrent Insurance — two or more policies covering the same exposure and having the same policy period and type of coverage trigger. It is important for primary and excess liability policies to be concurrent.

What is concurrent insurance policy?

Concurrent insurance is when two insurance policies are held to cover the same risks over the same time period. Concurrent insurance usually includes a primary policy, with the second policy meant to act as excess coverage.

What is insurance continuity?

The continuity date is the earliest date that a claim can occur and be covered under a claims-made policy. For your first insurance policy, the continuity date is the effective date of the policy.

What is non concurrency in insurance?

A term used to describe a situation where there are two or more insurance policies not written with the same coverage, or effective dates.

What is insurer concurrence status?

What Is Concurrent Insurance? Concurrent insurance is the type of insurance which includes more than two insurance policies, which cover for the same risks during the same period of time. Concurrent insurance is commonly used when the insured party purchases additional policies on top of the primary policy.