Definitions for "Other insurance"
When two or more policies cover the same interests for the same exposures, each policy is said to represent "other insurance" to the other. Most insurance policies contain clauses that specify how or if claims will be paid if other insurance exists for the same exposures.
In health insurance, the existence of one or more other contracts covering the same interests and perils as the one for which application is or has been made. If duplicating other insurance exists, benefits are paid proportionately from all policies so the insured does not realize a profit from the loss.
The existence of other contracts covering the same interest and perils. See also Concurrent Insurance. (G)