Which of the following aspects is considered when calculating contributions to a loss among multiple policies?

When determining how contributions to a loss are calculated among multiple insurance policies, the policy limits play a crucial role. Policy limits define the maximum amount that an insurer will pay for a covered loss. In scenarios where multiple policies are in place, the contribution by each policy towards a loss depends significantly on the limits outlined in each individual policy.

For example, if two policies are covering the same loss, the one with a higher policy limit would generally contribute a larger share of the loss, up to its maximum coverage amount. This ensures that the insured is adequately compensated without exceeding what each policy is designed to cover. The analysis of policy limits allows insurers to establish the proportions of liability in cases of overlapping coverage.

The type of coverage, the insured's history, and the duration of coverage are less direct when it comes to the financial contribution toward a specific loss. While they are important in determining overall risk and premium calculations, they do not impact the proportional distribution of loss contributions across multiple policies as directly as policy limits do.