Question

29. When other insurance is written on the same basis as a commercial property policy, the obligation of the insurer is to cover

(Choose from the following options)
1. The loss on a primary basis.
2. A share of the loss.
3. All of the loss.
4. The loss on an excess basis.

Answer 1

In commercial property insurance, when other insurance is written on the same basis, the insurer's obligation is to cover the loss on an excess basis.

Step-by-step explanation:

In commercial property insurance, when other insurance is written on the same basis, the obligation of the insurer is to cover the loss on an excess basis. This means that the insurer will only cover the loss beyond what is covered by the other insurance policies.