What does Noncontributing Noncontributory mean? Read on to discover the definition & meaning of the term Noncontributing Noncontributory - to help you better understand the language used in insurance policies.
Insurance issued on the basis that it will not seek contribution from other insurance policies that apply to a covered loss on the same basis (e.g., primary). Requests for additional insured status sometimes specify that it be provided on a noncontributing or noncontributory basis. The additional insured in such cases is seeking assurance that its own policy will not be asked to contribute to a covered loss.
We hope the you have a better understanding of the meaning of Noncontributing Noncontributory.