Which insurance provision defines how the policy will respond if there is more than one policy for the same risk?

The provision that defines how the policy will respond when there is more than one policy covering the same risk is known as the Other-insurance Provisions. This provision outlines how multiple insurance policies relate to one another when a covered loss occurs, typically specifying how claims will be settled when there are overlapping coverages.

The Other-insurance Provisions can address situations such as whether one policy is primary and others are excess or if the policies will share coverage in a proportional manner. This helps prevent duplication of payment for the same loss, ensuring that the insured does not receive more than their loss amount. By clearly detailing the responsibilities of each policy, this provision plays an essential role in clarifying coverage and claim processes for the policyholder, ensuring fair and equitable handling of claims.