What Does Contingency Mean?

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

Contingency

Contingency

A contingency refers to a chance occurrence or uncertain outcome. In the context of insurance, contingency insurance supplements a primary policy or covers remote risks the primary one would be slow to cover.

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

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