If you have two insurance policies can you collect from both?

  • by J
  • Nov 29,2015
  • 6 answers

If you have two insurance policies can you collect from both?


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Insurance Answers (6)

mbrcatz 6 months ago

Yes. However, unless this is life insurance, you don't collect the full AMOUNT from both of them - they "share" in the claim. How, exactly, they share, depends on the type of policy and type of claim.

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Bill 6 months ago

Two Life Insurance policies, YES ( you can collect full benefits from all you have). Two Health policies, Auto policies or Homeowners policies, YES BUT, one will be considered primary and the other secondary and the bills will be shared by each accordingly( you can not collect twice).

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rick29148 6 months ago

You can collect for two different aspects of the same 'accident', but not for the exact same thing...

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Bill 6 months ago

It depends on the type of insurance, but if the expense or damage is greater than the coverage of either policy, you may be able to combine them.

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StephenWeinstein 6 months ago

If you are talking about life insurance, then someone can collect from both, but you have to die before anyone collects, so you wouldn't be the one collecting from either.
If you are talking about health insurance, the answer is technically yes, some of the time, but the amount you collect from one plus the amount you collect from the other is the same as what you would have collected if you had only one. You'd don't collect more, and what you do collect takes longer to collect.

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curtisports2 6 months ago

It depends on the kind of insurance. You can have as many life insurance policies as you want - each will pay out for the death of an insured no matter how many policies there are. But you can't have multiple vehicle, homeowners or health insurance policies that will let you collect, in total, more than the loss on the claim. You can collect on multiple policies, but those policies will have to coordinate with one another to see what policy pays what portion of a covered claim. For example your car is broken into. Your auto policy will pay for the damage to the car, if that's covered, but not the loss of whatever is stolen. Your homeowner's policy might cover that. So, you can collect on two different policies for the same incident, just not for the same exact things.

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