Questions & answers · Travel insurance
How does SiriusPoint America Insurance Company's travel insurance policy handle other insurance covering the same loss?
AI-drafted from filed documents · reviewed: pendingother insurance / coordination of benefitsSiriusPoint America Insurance Company
Under SiriusPoint America Insurance Company’s filed form for Alabama (AL), if other insurance covers the same loss, the insurer is liable only for the excess of any amount paid or payable under that other insurance [1]. Recovering losses from other parties does not result in a refund of premium paid [1]. In Montana (MT), the same principle applies: the policy provides coverage only for the excess of any amount paid or payable under other insurance [2]. The Montana form also states that the policy controls over conflicting statutes in the state of residence [2]. Both forms indicate that a policyholder may be covered under only one travel insurance policy with SiriusPoint America for each trip [2]. 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 (2)
[1] SiriusPoint America Insurance Company · AL · SERFF MMGL-133004494 · p. 58
If, at the time of the occurrence of any other loss, there is Other Insurance in place, We shall be liable only for the excess of any amount paid or payable under Other Insurance. Recover of losses from other parties does not result in a refund of premium paid.]
[2] SiriusPoint America Insurance Company · MT · SERFF MMGL-133006162 · p. 9 · SA-ITI-19-1000.09-MT PC (Ed. 2022)
SA-ITI-19-1000.09-MT PC (Ed. 2022) excess of any amount paid or payable under Other Insurance. Recover of losses from other parties does not result in a refund of premium paid. Confirmity with Montana Statutes: The provisions of this Policy confirm to the minimum requiremenets of Montana law and this Policy controls over any conflicting statutes of any state in which You reside on or after the Effective Date of this Policy. Governing Jurisdiction: The insurance regulatory agency and courts of the jurisdiction in which You reside shall have jurisdiction over the individual insurance coverage. Concealment and Misrepresentation / Misstatement of Age: The entire coverage will be void if, before, during or after the loss, any material fact or circumstance relating to this insurance has been intentionally concealed or misrepresented. You must fully cooperate in the event We determine that an investigation of any claim is warranted. If Policy benefits are based on age, and if You have made premium payment based on a misstated age, there will be a fair adjustment of the premium or the eligible benefit based on his or her true age. We may require satisfactory proof of age before processing any claim. Other Insurance with Us: You may be covered under only one travel insurance Policy with Us for each Trip. … (excerpt — the filed text continues)
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 Q1bc7cc19. Spotted an error? Tell us.