What provision allows insured individuals to continue coverage in the event of a common accident?

The provision that allows insured individuals to continue coverage in the event of a common accident is known as the common accident provision. This provision is particularly important as it addresses scenarios where multiple insured individuals (such as family members) are involved in the same accident. Under this provision, the insurance policy ensures that coverage remains in effect despite the occurrence of an event that could otherwise complicate claims for each insured party.

This is critical for providing continuity of coverage and ensuring that all affected individuals can access the benefits of their insurance without penalty or reduction in coverage amounts. It underscores the insurer's commitment to protection even in adverse circumstances that might affect multiple policyholders at once.

The other options represent different aspects of insurance but do not serve the same purpose. The coinsurance provision typically refers to the percentage of costs that an insured must share with the insurer after the deductible has been met, while the carry-over provision pertains to how certain expenses may be submitted for benefits in the next policy year. The out-of-pocket limit is a cap on the amount an individual has to pay for covered services in a policy period, ensuring that beyond a certain point, all additional costs are covered by the insurance. None of these options provide for the continuation of coverage like the common accident provision does