The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

DIVIDED COVER Definition & Legal Meaning

Definition & Citations:

INSURANCE contracts on the same property and PERIL purchased by the INSURED from two or more INSURERS. The total SETTLEMENT will never exceed the amount of the loss, and will be divided on a PRORATA basis between insurers. See also APPORTIONMENT, OVERLAPPING INSURANCE, PRIMACY.


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