Nonconcurrency

Nonconcurrency

A situation in which two insurance policies covering the same thing have different start and end dates. This can be problematic for umbrella insurance because some losses from one's regular insurance may not count toward the limit at which the umbrella policy begins to pay because they operate on different calendars.
References in periodicals archive ?
These inconsistencies may lead to coverage gaps, duplication or nonconcurrency of terms and conditions.
Under certain conditions a nonconcurrency of policy dates can result in a gap in your protection.