Common use of Operation of the insurance Clause in Contracts

Operation of the insurance. The insurance operates as second risk in the event that the Insured has another/other insurance/s covering the same risk. In cases where the insurance operates as second risk, it covers that part of the damage and compensation or reimbursement that does not fall within the maximum limits established by any other existing policies, up to the extent of the maximum limit set out in the Policy Conditions of the company.