Nonconcurrency of coverage triggers

{
  "id": "MLC-T-INS-002324",
  "term": "Nonconcurrency of coverage triggers",
  "field": "Insurance and risk management",
  "definition": "A situation where different insurance policies covering the same risk have varying conditions or events that activate their coverage. This discrepancy can lead to gaps in protection or disputes over which policy should respond to a loss. It often arises when multiple layers of insurance, such as primary and excess policies, are purchased from different insurers with differing policy language.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/nonconcurrency-of-coverage-triggers/"
}