Generally, if more than one policy provides coverage for a specific loss: Question 41 options: The carrier with the highest limit will pay the loss up to that limit, after which the second carrier will cover the remaining amount up to its policy limit. The carrier with the lowest limit will pay the loss up to that limit, after which the second carrier will cover the remaining amount up to its policy limit. The policy that was put into force first will pay the claim up to its limit, and any remaining claim will be paid by the other policy. Each carrier pay a portion of the loss that is proportionate to the limit of liability that applies to the whole loss