Clash Cover

What is Clash Cover?

Clash Cover is May also be known as Contingency Cover. A non-proportional contract covering liability classes in which the reinsureds retention is higher than the limits on any one reinsured policy. The contract is only exposed when two or more liability policies (perhaps from different lines of business or for two or more different Insureds) are involved in the same occurrence/event and the total indemnity claimed is greater than the clash cover retention.

 

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