Questions & answers · Pet insurance
How does American Alternative Insurance Corporation's pet insurance policy handle other insurance covering the same loss?
AI-drafted from filed documents · reviewed: pendingother insurance / coordination of benefitsAmerican Alternative Insurance Corporation
Under American Alternative Insurance Corporation’s filed form for Alabama (AL), if a claim is made under the policy for a “covered incident” and there is other insurance applicable, the insurer will pay its share of the benefits for covered expenses [1]. “Our” share is defined as the proportion that the “Covered Incident Limit” bears to the total benefits available under all applicable insurance [1]. This does not appear in these excerpts — check the full policy.
Information only — not legal advice. The insurer decides.
These answers quote forms insurers filed with state regulators. Your own policy, its endorsements and your state’s rules control. A filed form may not be the version sold to you.
Where this comes from (1)
[1] American Alternative Insurance Corporation · AL · SERFF CLTR-126531574 · form PH 2002 (09-10) · p. 4 · Electronic Delivery
OTHER INSURANCE If at any time a claim is made under this policy for a “covered incident”, and there is other insurance applicable, “we” will pay “our” share of the benefits for covered expenses. “Our” share is the proportion that the “Covered Incident Limit” bears to the total benefits available under all applicable insurance. TERMINATION OF INSURANCE General This policy may be terminated by “us” during the “policy period” by written notice to “you” for reasons allowable by applicable state law and with such time period between the sending of such notice and the effective date of cancellation as is allowable under state law. Reasons for cancellation may include, but, subject to applicable state law, are not necessarily limited to, nonpayment of premium. Specific terms and conditions with respect to termination, cancellation and nonrenewal of this policy are set forth in the attached Cancellation and Nonrenewal Endorsement, which is made a part of this policy.
Drafted by a local AI model from the excerpts above, then checked by rules (citations, no rankings, no “not covered” claims from a partial excerpt). Question id Q9cb932b7. Spotted an error? Tell us.