No. The general rule of this sort of insurance is to put you back in the position you were before the incident. So the companies would not both pay but agree between them how much each would pay - probably but not necessarily half each.
this would only make sense if you are talking about having various life or annuity policies with various insurance companies. It would be pointless with car or health insurance because that would be throwing your money away
I would recommend comparing the policy between at least three insurance companies. Travelers, State Farm Insurance Company and 21st Century are 3 companies that provide insurance policies on boats.
Not likely, Doubt any insurance agents or companies that would want to be bothered with by the job policies.
There are many insurance companies that offer business vehicle insurance. Basically any automobile insurance company will offer policies for business vehicles. Some of those insurance companies would be, Progressive, Geico, State Farm and Nationwide.
yes you can have as many policies as you like but no use. the insurance works on the principle of Indemnity. so in case if you have two insurance policy,you will have to declare to both the insurer, if you don't than it would be a insurance fraud. and if claim arise then both insurer will pay the claim in proportion of the premium they charged.
Yes, you can buy as many insurance policies as you like. But you can not make the same claim with multiple companies for the same loss or that could potentially constitute a fraud. Your main Insurance policy ( typically that with the broadest coverage would be considered your primary coverage. Other policies (Trailing Coverage) can invoke if the loss you suffer exceeds the limits of the Primary Policy.
One would have to get in contact with insurance companies to see what their policies are on international insurance coverage. Then one would have to decide which company offers the coverage they are looking for.
AXA and Aviva both have popular health insurance companies. The policies do change with some rapidity however, so it is wise to compare a broad range at the time of buying. Sites like gocompare and moneyexpert can help with this.
By now you have cancelled the first policy and received a refund for the unused period. In answer to your question, had you experienced a claim during the period you had two companies, they would likely share the claim payout.
In case of Car accident if your car is having valid insurance policy at the time of accident then you are liable to get the claim for the loss. While different companies have different disbursement policies and depreciation charts which would be followed for claim settlement process. Turtlemint car insurance offers a fare depreciation chart and easy claim process which simplifies the complete process and helps to get the tasks done hassle-free
Yes, you can have two car insurance policies in the same household but it would probably be cheaper if you just went with one company instead. Most auto insurance companies offer a multiple car discount.
Insurance companies investigating or handling a claim appoint an adjuster. I know of no instance where an insured or claimant would hire an insurance companies adjuster. If you disagree with the company adjusters valuation or handling of your claim, You are welcome to go out and hire your own public adjuster to get a second opinion.