Nathanial Drummond has three different insurance policies. He has been injured in an accident and has incurred $30,000 in medical bills. There is a clause in all of his insurance contracts that ensures he receives no more than a total of $30,000 in payments from his insurance companies. What is this clause called?

Question

Quizplus · Accepted Answer

The clause that ensures Nathanial Drummond receives no more than a total of $30,000 in payments from his insurance companies is called coordination of benefits. This clause is commonly found in situations where an individual has multiple insurance policies that cover the same expenses, and it ensures that the individual does not receive more than the total amount of the expenses incurred.

Nathanial Drummond Has Three Different Insurance Policies