When two or more coverages or policies apply to the same loss, the one that pays first, up to its limit of liability or the amount of the loss, whichever is less.
Insurance that applies to a loss on a first dollar basis. For example, the liability coverage of a homeowners policy is primary insurance. If the insured has a personal umbrella policy, its coverage would apply as excess insurance upon exhaustion of the limits of liability of the homeowners policy.
Health care coverage that pays first on a claim for medical and hospital care. In most cases, Medicare is your primary insurer.
Insurance that pays compensation for a loss ahead of any other insurance coverages the policyholder may have.
Insurance that responds first to a claim (i.e., it provides coverage on a first-dollar basis), sometimes subject to a deductible.
Designation given to the insurer that has first priority for payment of a claim.
The insurance organization with first responsibility for paying eligible insurance expenses for your medical service (after you have paid your deductible and co-payments). If you have additional insurance, those organizations would work with your primary insurance organization to cover eligible expenses according to your insurance policies.
Insurance of the initial layer of cover as distinct from excess insurance.
The insurance of an individual mortgage.
applicable to a loss first, and when exhausted, other insurance, if any, then applies. (See EXCESS INSURANCE)
