Common use of Liberalization Clause in Contracts

Liberalization. If We adopt any revision that would broaden the Coverage under this Policy without additional premium prior to or during the Policy period, the broadened Coverage will immediately apply to this Policy. It is Your responsibility to notify Us of any change in address. A change in Your primary address may result in a change to You may have other insurance subject to the same plan, terms, conditions and provisions as the insurance under this Policy. If You do, We will pay Our share of the Allowable Charges. Our share is the proportion that the applicable Limits of Insurance under this Policy bears to the Limits of Insurance of all insurance covering on the same basis. If there is other insurance covering the same Allowable Charges, other than that described above, We will pay only for the amount of Allowable Charges in excess of the amount due from that other insurance, whether You can collect on it or not. Nevertheless, We will not pay more than the applicable Limits of Insurance. It is Your responsibility to notify Us in the event that other insurance is in force. Failure to do so may be considered concealment and may render Coverage provided under this Policy null and void and all outstanding Claims shall be forfeited and not paid.

Liberalization. If We adopt any revision that would broaden the Coverage under this Policy without additional premium prior to or during the Policy period, the broadened Coverage will immediately apply to this Policy. IAIC FPI POL 0320 10 It is Your responsibility to notify Us of any change in address. A change in Your primary address may result in a change to You may have other insurance subject to the same plan, terms, conditions and provisions as the insurance under this Policy. If You do, We will pay Our share of the Allowable Charges. Our share is the proportion that the applicable Limits of Insurance under this Policy bears to the Limits of Insurance of all insurance covering on the same basis. If there is other insurance covering the same Allowable Charges, other than that described above, We will pay only for the amount of Allowable Charges in excess of the amount due from that other insurance, whether You can collect on it or not. Nevertheless, We will not pay more than the applicable Limits of Insurance. It is Your responsibility to notify Us in the event that other insurance is in force. Failure to do so may be considered concealment and may render Coverage provided under this Policy null and void and all outstanding Claims shall be forfeited and not paid.