Energy Inc. obtains insurance policies with Fidelity Insurance Company and Good Insurance Inc. against the risk of loss of Energy's property. Each policy includes a multiple insurance clause. A fire destroys one of Energy's buildings. The insured can collect from either insurer

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When multiple insurance policies are in place with a multiple insurance clause, each insurer is responsible for paying its proportionate share of the loss relative to the total amount of insurance coverage provided. This ensures that the loss is fairly distributed among the insurers based on the amount of coverage each has provided.