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I think that it is actually illegal to obtain two different insurance policies on one business. This is because if something happened you could collect from two companies.

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Q: Will insurance companies sell policies to pepple even though they are adequately covered already?
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Can insurance companies charge for other structures even if there are none?

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How do you get paid selling life insurance?

The Direct and Corporate Agents who sell life insurance policies on behalf of the Insurance Companies are paid a certain percentage of commission(quantum already settled before) on the premium amount. In the case of single premium policies, commission is paid once and at a lower rate, whereas in conventional policies the commission is paid on premiums paid on every mode and at a bit higher rate.


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Why do you have to let the insurance company know if you already have have a insurance policy with a different company?

The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.


Can you carry your own insurance on a car that already has insurance?

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Which companies should a person consider before purchasing home business insurance?

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Which companies offer good vehicle breakdown insurance?

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