What Does COB Mean?

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What does COB mean? Read on to discover the definition & meaning of the term COB - to help you better understand the language used in insurance policies.

COB

COB

Coordination of Benefits (COB) refers to the rules that determine the the primary plan and the secondary plan when an insured has two or more policies covering the same risks. It prevents insurers from overpaying for claims.

We hope the you have a better understanding of the meaning of COB.

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