What does Contingency Insurance mean? Read on to discover the definition & meaning of the term Contingency Insurance - to help you better understand the language used in insurance policies.
1. Secondary insurance cover taken to protect an insured (a tenant, for example) in case the primary insurance cover taken by another party (a landlord, for example) does not respond to the loss for one reason or another.
We hope the you have a better understanding of the meaning of Contingency Insurance.