What insurance policy provision defines how the policy will respond if there is more than one insurance policy written on the same risk?

The provision that defines how a policy will respond in situations where there is more than one insurance policy covering the same risk is referred to as the "Other insurance" provision. This clause outlines the relationships between policies and dictates how claims will be handled when multiple policies are in effect.

The "Other insurance" clause typically specifies whether the coverage is primary, excess, or pro-rata when multiple policies apply. This is crucial because it helps to determine which insurer is primarily responsible for paying a claim and how much each insurer will pay if there are overlapping coverages. It serves to coordinate various insurance policies to avoid confusion and ensure that claims are settled fairly and efficiently.

Understanding this provision is important for policyholders and insurance professionals alike, as it impacts how claims are evaluated and processed when multiple coverages are involved.