01 / The meaning
What it means.
The existence of two policies does not itself establish double insurance or an equal split. Different insured parties, periods, property interests or liability triggers may mean the policies address different exposures. Contribution is also distinct from subrogation, where an insurer may pursue a responsible third party, and from excess insurance deliberately arranged above an underlying layer.
Give relevant insurers accurate information about other potentially applicable cover. Preserve schedules, wordings and claim correspondence so the overlap can be considered properly. Other-insurance clauses and applicable law can affect the process; do not assume one insurer can simply refuse involvement because another policy exists. Equally, insurance against loss is not an opportunity to recover the same loss twice. Seek advice before accepting settlements that may affect remaining rights.
02 / Put it in context
A practical example.
Hypothetical example: a business discovers that damaged equipment may fall within two property arrangements. It discloses both policies and the ownership details, allowing the insurers to assess any overlap and contribution without assuming two full payments.
This example illustrates the term. It does not predict a claim outcome.
03 / Read the detail
What to check.
- Compare the insured interests, events and periods under both policies.
- Provide complete details of any other potentially applicable insurance.
- Check settlement releases and avoid duplicate recovery for the same loss.
04 / Start a useful conversation
A question for your broker.
Do these policies cover the same loss, and how will any contribution be resolved?
05 / Connect the terms
Keep the meaning in context.
06 / Apply it to your business
Related insurance guides.
Further reading
Read the source guidance alongside the relevant policy wording.
General information only. This does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you. Cover is subject to insurer acceptance and the policy terms, conditions, limits and exclusions. Read the Financial Services Guide and the relevant PDS (where applicable) and/or policy wording before deciding.
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