What is concurrent coverage

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 meant by insurer concurrence?

Key Takeaways\n\n 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 are 4 main types of coverage and insurance?

Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

What are the three primary types of coverage?

The 4 main types of insurance coverage are life, health, auto, and home insurance. You will need auto insurance to finance or lease a car, home insurance to take out a mortgage, health insurance to avoid a fee in some states, and life insurance to protect your family if you pass away.

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.